Freehold Retail Investment
Freehold Retail Investment
The property occupies a prominent corner position within the town centre on the south side of the pedestrianised Montague Street. Neighbouring occupiers include New Look, Bhs, Clinton Cards and Marks & Spencer. The property is located close to Worthing Pier and Marine Parade which provides a number of shops, theatres and arcades.
Freehold.
The property occupies a prominent corner position within the town centre on the south side of the pedestrianised Montague Street. Neighbouring occupiers include New Look, Bhs, Clinton Cards and Marks & Spencer. The property is located close to Worthing Pier and Marine Parade which provides a number of shops, theatres and arcades.
Freehold.
The property comprises a GROUND FLOOR RETAIL UNIT with the first and second floors currently used by the tenant as a DENTAL CLINIC. The property benefits from a return frontage to New Street. The property also comprises a separate GROUND FLOOR RETAIL UNIT to the rear.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a GROUND FLOOR RETAIL UNIT with the first and second floors currently used by the tenant as a DENTAL CLINIC. The property benefits from a return frontage to New Street. The property also comprises a separate GROUND FLOOR RETAIL UNIT to the rear.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Review/(Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground Ground (Rear) First Second |
Retail Retail Dental Clinic Dental Clinic |
127.42 sq m 11.03 sq m 129.40 sq m 86.50 sq m |
(1,372 sq ft) (119 sq ft) (2) (1,393 sq ft) (931 sq ft) |
OPTICAL EXPRESS SOUTHERN LTD (1)(2) |
15 years from 14/03/2000 on a full repairing and insuring lease |
£70,000 |
13/03/2010 (12/03/2015) |
| Totals |
354.35 sq m |
(3,815 sq ft) |
£70,000 |
||||
(1) Optical Express is one of the UK’s leading eye care specialists, with over 200 locations nationwide. Optical Express is the leading laser eye surgery specialist and is also one of the nation’s largest providers of glasses and contact lenses. (Source: www.opticalexpress.com)(2) Please note, the tenant has sub-let the ground floor retail unit to the rear of the property fronting New Street.NB This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability
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