High Yielding Freehold Retail Parade & Residential Ground Rent Investment
Comprises 6 shops (two sold off) and three flats (sold off)
Includes a mix of independent retailers including a Bakery, Nail Bar and Massage Parlour
Nail Bar let in November 2025
Bakery tenant break option not exercised in March 2025
Prominent corner position
VAT-Free Investment
Lot 29
Auction 12th February 2026
Rent £28,000 per Annum (2)
Status Available
Guide* £200,000
Sector Mixed-Use Parade
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles west of Brighton, 24 miles east of Crawley, 54 miles south of Central London
Roads
A27, A24
Rail
Worthing Rail Station (direct to London Victoria)
Air
London Gatwick Airport
Situation
The property forms a prominent corner parade at the junction of two main streets within a well-established residential and retail neighbourhood area. Neighbouring occupiers include SPAR convenience store, Morrisons Daily and a range of local retailers.
Tenure
Freehold.
Location
Miles
11 miles west of Brighton, 24 miles east of Crawley, 54 miles south of Central London
Roads
A27, A24
Rail
Worthing Rail Station (direct to London Victoria)
Air
London Gatwick Airport
Situation
The property forms a prominent corner parade at the junction of two main streets within a well-established residential and retail neighbourhood area. Neighbouring occupiers include SPAR convenience store, Morrisons Daily and a range of local retailers.
Tenure
Freehold.
Description
The property is arranged on the ground and first floors, comprising six shops on the ground floor and three residential flats on the first floor. Four of the shops are let on separate leases, while two of the shops and all of the flats have been sold off on long leases.
VAT
VAT is not applicable to this lot.
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Description
The property is arranged on the ground and first floors, comprising six shops on the ground floor and three residential flats on the first floor. Four of the shops are let on separate leases, while two of the shops and all of the flats have been sold off on long leases.
VAT
VAT is not applicable to this lot.
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x. (4)
127a Rowlands Road
Ground
Retail
32.20
(347)
J.JIAO t/a Tranquillity
5 years from 20/01/2025
£6,000
121-123 Rowlands Road
Ground
Chemist
-
-
INDIVIDUAL t/a Unicare Pharmacy
999 years from 24/02/2025
Peppercorn
125-127 Rowlands Road
Ground
Retail
47.57
(512)
MEOW NAILS LIMITED t/a Meow Nail Spa
5 years from 5/11/2025 (1)
£10,000 (2)
76 Heene Road
Ground
Retail
21.80
(235)
J.JIAO t/a Tranquillity
5 years from 20/01/2025
£7,000
78 Heene Road
Ground
Retail
21.80
(235)
SECOND BEST LTD t/a Bakery
7 years from 06/03/2023 (3)
£5,000
80 Heene Road
Ground
Retail
-
-
INDIVIDUAL t/a West End Barbers
999 years from 20/12/2024
Peppercorn
Flats 1-3 Heene Corner
First
Residential
-
-
INDIVIDUALS
3 leases each let for a term of 174 years from 24/06/1991
Peppercorn
Total Commercial Area
123.37
(1,329)
£28,000
(1) The lease is subject to a tenant only break option on 5/11/2028 (2) Please note that the lease to Meow Nails Limited is subject to fixed rental increases to £9,000 pa in November 2026 and £10,000 pa in November 2027. The vendor will make an allowance to top-up the rent to £10,000 pa from completion of the sale until the fixed rental increase in November 2027 - please see Special Conditions of Sale. (3) The tenant did not exercise their March 2025 break option (4) Please note that all the tenants pay their rents monthly
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.
