Freehold Retail Investment
Freehold Retail Investment
Worthing is a substantial south coast town located 11 miles west of Brighton. The property is situated on the east side of Chapel Road, a busy retail and leisure location with an NCP car park to the rear and is in close proximity to the Guildbourne Shopping Centre. Neighbouring occupiers include Santander, KFC Tesco Express and Lidl.
Freehold.
Worthing is a substantial south coast town located 11 miles west of Brighton. The property is situated on the east side of Chapel Road, a busy retail and leisure location with an NCP car park to the rear and is in close proximity to the Guildbourne Shopping Centre. Neighbouring occupiers include Santander, KFC Tesco Express and Lidl.
Freehold.
The property comprises a double fronted retail unit with ground floor retail accommodation and ancillary accommodation in the basement.
VAT is applicable to this lot.
Six Week Completion
Available from the legal pack at acuitus.co.uk
The property comprises a double fronted retail unit with ground floor retail accommodation and ancillary accommodation in the basement.
VAT is applicable to this lot.
Six Week Completion
Available from the legal pack at acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
148.20 sq m 32.40 sq m |
(1,595 sq ft) (348 sq ft) |
SCOPE (3) | 10 years from 10/03/2015 |
£29,500 | 10/03/2020 (1) (09/03/2025) (2) |
| Total |
180.60 sq m |
(1,943 sq ft) |
£29,500 | ||||
(1) Outstanding Rent Review
(2) Tenant did not exercise their break clause which was due in March 2020.
(3) Scope was founded in1952 and is a registered charity under number 208231, and a registered company under number 00520866 (England and Wales). For the year ending 31st March 2019, Scope reported a pre-tax profit of £2,174,000 and total assets of £55,031,000 (Source: SmartSearch 30/04/2020).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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