Summary
| Property Type | Investment |
| Tenure | For Sale |
| Size | 3,581 sq ft |
| Price | £475,000 Freehold |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as E (106) |
- Historic Regency building
- Fully Income Producing
- Town centre location
- Asset management opportunities
- Producing £41,669 pa in income
About
An attractive Grade II Listed Regency mid-terrace office
building arranged over five storeys.
Access to the office is by way of an impressive front
main entrance door, with supplementary access available
from the rear of the building at lower ground floor level
in Field Row. The office accommodation provides a good
mix of individual and interconnecting rooms offering a
flexible working environment. An internal staircase
provides access to each floor with security phone system
to entrance.
Floor Areas (approximate net internal)
Ground Floor (front) 534 sq ft
Ground Floor (rear) 370 sq ft
First Floor 619 sq ft
Second Floor 523 sq ft
Third Floor 555 sq ft
Lower Ground (front) 655 sq ft
Lower Ground (rear) 325 sq ft
Income
The property is 100% let
Current income approximately £41,669 pax.
A purchase at £475,000 will show a net yield of 8.37% based on current income.
The building is currently VAT elected and therefore VAT will be charged on the purchase price.
A current Tenancy Schedule is downloadable above.
Location
Worthing is located on the south coast 14 miles west of Brighton and 18 miles east of Chichester. With a resident population of 97,568 (2001 census) the town is also a major commercial centre in the area. This investment is located in the heart of the town centre next to the main retail area. Worthing mainline railway station is approx 1 mile north and the bus service 'hub' in South Street just a couple of minutes walk.
Gallery
