Located on busy local retail parade 2 minutes from West Worthing Rail Station
Situated in a densely populated residential area
Nearby occupiers include a Co-operative convenience store and Enterprise Rent-A-Car
Lot 58
Auction 14th February 2018
Rent £10,000 per Annum Exclusive
Status Sold
Price £115,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
1 mile east of Worthing town centre
12 miles west of Brighton
Roads
A24, A259
Rail
West Worthing and Worthing Rail Stations
Air
Gatwick Airport
Situation
The property is prominently situated on the busy Tarring Road, forming part of a local retail parade approximately a 2 minute walk from West Worthing Rail Station. Tarring Road is surrounded by a densely populated residential area, 1 mile east of Worthing town centre. Nearby occupiers include a Co-operative convenience store and Enterprise Rent-A-Car.
Tenure
Freehold.
Location
Miles
1 mile east of Worthing town centre
12 miles west of Brighton
Roads
A24, A259
Rail
West Worthing and Worthing Rail Stations
Air
Gatwick Airport
Situation
The property is prominently situated on the busy Tarring Road, forming part of a local retail parade approximately a 2 minute walk from West Worthing Rail Station. Tarring Road is surrounded by a densely populated residential area, 1 mile east of Worthing town centre. Nearby occupiers include a Co-operative convenience store and Enterprise Rent-A-Car.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with a selfcontained four bedroom maisonette on the first and second floors which has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with a selfcontained four bedroom maisonette on the first and second floors which has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
207
Ground
Retail
161.65 sq m
(1,740 sq ft)
OFFICE FIRST LIMITED
3 years from 01/12/2017 (1)
£10,000
30/11/2020
207a
First/Second
Residential
4 Bedroom Maisonette
SEABREEZE INVESTMENTS LIMITE
189 years from 20/05/2000
Peppercorn
19/05/2189
Total Commercial Area:
161.65 sq m
(1,740 sq ft)
£10,000
(1) The lease provides an option to determine on 1/12/2018.
