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Investment

Investment For Sale Worthing

PROPERTY ID: 143847

PROPERTY TYPE

Investment

STATUS

Under Offer

SIZE

2,076 sq.ft

Key Features

Worthing is an attractive coastal town and the largest in West Sussex.
Whole building let to Mutual Services (Portsmouth) Limited, who form part of The Southern Co-operative.
Lease expiring 24th December 2026.
Potential to re-gear lease on ground floor commercial and sell off or let the residential upper parts.
Passing rent of £31,000 per annum exclusive.
Offers invited in excess of £370,000. A purchase at this level shows a net initial yield of 8.06%, after normal purchaser's costs.

Property Details

Worthing is the largest town in West Sussex with a population over 105,000. It is 55 miles south of London, 12 miles west of Brighton and 18 miles East of Chichester. Goring Road is approximately 1.5 miles East of Worthing Town Centre, it serves as a bustling local High Street offering a mix of independent retailers and well-known national multiples. West Worthing railway station approximately 1 mile to the North, providing regular services along the South Coast and to London. Additionally, the A259 offers direct access to Brighton and Chichester. Local and national retailers located in Goring Road include: Boots, Truffles Bakery, Costa Coffee, Iceland, Vison Express, Tescos Express, Card Factory, Guardian Angel Carers, Oxfam, James Petty Interiors, CO OP, Toby Carvery and Ladbrokes.

Worthing Is An Attractive Costal Town And The Largest In West Sussex. Whole Building Let To Mutual Services (portsmouth) Limited, Who Form Part Of The Southern Co-operative. Lease Expiring 24th December 2026. Potential To Re-gear Lease On Ground Floor Commercial And Sell Off Or Let The Residential Upper Parts. Passing Rent Of £31,000 Per Annum Exclusive. Offers Invited In Excess Of £370,000. A Purchase At This Level Shows A Net Initial Yield Of 8.06%, After Normal Purchaser's Costs.

About the Agent

Stiles Harold Williams Partnership LLP

See Agent's Other Properties

Investment Unit

£370,000 Freehold

56 Goring Road, Worthing, BN12 4AD
Investment - Under Offer
2,076 sq ft
193 sqm
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