The property comprises a threestorey building with two ground floor retail units, with two one bed self contained flats, and one two bed flat arranged over the first and second floors.
Location
Worthing (popn 110,000) is a large South Coast seaside town in West Sussex 11 miles west of Brighton & Hove, 20 miles east of Chichester and 60 miles south of London. There is a catchment population of 500,000 within a 15 mile radius.
Montague Street is one of Worthing’s main retail thoroughfares running from east to west parallel with Worthing Seafront. Worthing rail station is 0.7 (13 mins walk) miles. There are trains hourly between Brighton & Hove and Worthing (jouney times about 20 mins).
The property is prominently situated IN Montague Street at the junction with Surrey Street.
Nearby retail occupiers include Paddy Power, Greenfingers, Vapestore, Bailey Care Services, Yamu Yamu, Malt Cafe and Phone Fix.
Accommodation
118 Montague Street - 426 sq ft (40 sq m)
120 Montague Street - 590 sq ft (55 sq m)
Flat 1 - 484 sq ft (45 sq m)
Flat 2 - 484 sq ft (45 sq m)
Flat 3 - 818 sq ft (76 sq m)
All areas and dimensions are net internal.
Terms
EPC:
118 Montague Street: Rated D 88, valid until 20th August 2027.
120 Montague Street: Rated D 58, valid until 26th October 2028.
Flat 1, 118-120 Montague Street: Rated D 58, valid until 26th October 2028.
Flat 2, 118-120 Montague Street: Rated D 61, valid until 22nd November 2022.
Flat 3:, 118-120 Montague Street Rated E 42, valid until 26th October 2028.
TENURE - Freehold subject to the tenancies stated.
PRICE - Offers in the region of £650,000.
VAT - We are advised that the property is not elected for VAT.
Legal Costs - Each party to be responsible for their own legal costs.
TENANCIES:
118 Montague - Street Let on a five year lease to Hgiah Thanh Tu, from 14th January 2020, passing rent £7,XXXa, trading as a nail bar. There is a tenant only break option at the expiry of the third year of the term.
120 Montague Street - Under offer let on a ten year lease with a five year tenant only break option and rent review, rent £10,000 per annum exclusive, to OST Limited, to trade as a barbers.
Flat 1 - Vacant, ERV £650 per calendar month (£7,800 per annum).
Flat 2 - AST £450 per calendar month (£5,400 per annum exclusive), expiry 23rd October 2013.
Flat 3 - AST £775 per calendar month (£9,300 per annum exclusive) expiry 17th February 2018.