A two storey building with brick faced elevations and a pitched roof. The ground floor is used as retail and the first floor is accessed by step ladder. The second floor has been removed, but could be replaced subject to the necessary consents. In the data room, under the heading Associated Surveys, a video of the interior of the upper parts can be viewed.
( Agency Pilot Software ref: 5409 )
Location
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. The town is a centre for retail, leisure and business with large employers such as GSK, Bowers & Wilkins, Southern Water, Equiniti, Rayner Optics, LEMO UK and HMRC all having large facilities in the town. Retailers including Marks & Spencer, River Island, New Look, Waterstones, Game, H Samuel, Berts Homestore and H&M are all presented.
Accommodation
First Floor (currently double height) 62.90 sq m (677 sq ft )
Ground Floor 94.35 sq m (1,016 sq ft )
Total 220.15 sq m (2,370 sq ft )
Terms
TENANCY The entire property is let to JG Foods Ltd on a five year fully repairing and insuring lease from 08/10/2022 to 07/10/2027 with no breaks. The lease is inside the Landlord & Tenant Act 1954 and the rent is £43,500 pa, paid monthly.
VAT The property has been elected for VAT. It is anticipated that the sale will be treated as a TOGC.
TENURE Freehold.
EPC The property has an EPC rating of B
Specification
• Prime central location
• Prominent unit in largest town in West Sussex
• Close to TK Maxx, HSBC and Pizza Express
• Entire freehold, single letting of whole
• Let to large national multiple retailer
• Rent £43,500 pa
• OIEO £415,000 showing 10%