Neighbouring occupiers include Santander, KFC Tesco Express and Lidl
Lot 21
Auction 21st May 2020
Rent £29,500 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of Trustees
Property Information
Location
Miles
11 miles west of Brighton
26 miles south of Crawley
54 miles south of London
Roads
A24, A27
Rail
Worthing Railway Station (direct to London Victoria)
Air
London Gatwick Airport
Situation
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.
Tenure
Freehold.
Location
Miles
11 miles west of Brighton
26 miles south of Crawley
54 miles south of London
Roads
A24, A27
Rail
Worthing Railway Station (direct to London Victoria)
Air
London Gatwick Airport
Situation
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.
Tenure
Freehold.
Description
The property comprises a double fronted retail unit with ground floor retail accommodation and ancillary accommodation in the basement.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a double fronted retail unit with ground floor retail accommodation and ancillary accommodation in the basement.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
