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Town Centre Freehold Investment, 10 Chapel Road, Worthing, BN11 1BJ

1,455 Sq Ft / Retail / Investment

Withdrawn - Last updated: 04 March 2024

The premises comprises of a ground floor lock up shop with two residential flats above, the second floor flat has been sold off on a long term lease, whilst the first floor flat is included within the demise.

The shop, which benefits from a 10’ window frontage, is largely of open plan layout and would suit a variety of users to include office, sales and professional services. To the rear there is a WC and small kitchenette area, a rear access door leads to a courtyard and entrance onto a rear service alley.

Internally the ground floor premises are presented in good decorative order and benefit from carpeting throughout, ample power points, suspended ceiling with inset lighting currently with usage class E retail consent.

The first floor flat, which is accessed via a separate entrance hall to the left of the shop frontage, benefits from a generously proportioned, open plan lounge with a kitchen area to one corner, fitted bathroom and double bedroom. The flat is well presented with wood effect flooring, double glazed windows to the front, ample power points with a mixture of pendant and chandelier lighting.

Location

The property is situated on the eastern side of Chapel Road, towards the southern end, close to South Street square.

The property is in a good location in the town centre and is on a road which is favoured by all the major banks, building societies and estate agents. Nearby occupiers include Greggs, Tesco Express, Santander and Subway.

Worthing itself is a coastal town with a population in excess of 110,000, a short distance off of the main A27 trunk road and easily accessible via the A259 coastal road. The town benefits from a mainline railway station and nearby towns include Brighton (15 miles to the east) and Chichester (20 miles to the west).

Accommodation

The property has the following approximate floor areas:

Ground Floor Sales Area - 510 sq ft

Kitchenette- 22 sq ft

WC unmeasured

Total - 532 sq ft

First Floor Flat

Lounge/Kitchenette - 216 sq ft

WC/Bathroom - 33 sq ft

Double Bedroom - 142 sq ft

Total Floor Area - 923 sq ft

Outside - To the rear of the property is a small courtyard garden measuring approximately 250 sq ft.

Terms

Tenure - The property is available by way of freehold with vacant possession subject to the second floor flat which has been sold off on a long term lease.

Price - £330,000

VAT - We have been informed that VAT isn’t to be charged on the purchase price.

Legal Fees - Each party to pay their own legal costs unless otherwise agreed.

EPC:

The shop has a valid EPC rating of 80D.
Flat A has a valid EPC rating of 72C.

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