An excellent opportunity to purchase either the whole or a part of an exciting redevelopment scheme situated in a prime location within the heart of
Worthing Town Centre. Available in three separate blocks, the scheme comprises a well designed upper part development totalling 35 residential
apartments with accommodation ranging from one to three bedrooms. Blocks 6 and 7 front onto South Street whilst Block 9 is situated in Liverpool Road, overlooking the Montague Centre.
Worthing is a large affluent seaside town in West Sussex located on the south coast 11 miles (18 km) west of Brighton, 20 miles (32 km) east of Chichester and 60 miles (96.5 km) south of London. The town has an expanding residential urban population in excess of 100,000 people and an annual footfall of 5.5 million.
Worthing benefits from excellent road communications being served by the A27 and A24. The A27 links Chichester to the west and Brighton to the east. The A24 runs north to south linking Worthing with Leatherhead and the M25 at junction 9.
Regular train services operate from London Victoria and London Bridge to Worthing, on both Thameslink and Southern Rail, with approximate journey times of 1 hour and 20 minutes. There are also multiple trains every hour running between Brighton and Worthing with an approximate journey time of 20 minutes. Gatwick International Airport is situated approximately 31 miles (50 km) to the north, and Southampton airport is situated approximately 50 miles (80.5 km) to the west.
Block 6 – £1,750,000
Freehold sale with the benefit of a new occupational lease on the ground floor at a rent of £65,000 per annum.
Block 7 – £750,000
Long Leasehold with the benefit of a 999 year lease.
Block 9 – £1,450,000
Freehold, subject to our client retaining a long leasehold interest of 8 Ground Floor retail units.
Offers are to be submitted in writing no later than Midday on Friday 17th May 2019.
Offers are to be submitted to the Agent in writing confirming full details of the proposed purchaser, amount offered, confirmation of how the purchase is to be funded, proposed timescales for exchange/completion and details of any other conditions that the offer may be subject to.
Please note: The Vendors do not bind themselves to accept the highest or any offer.
Blocks 6, 7 and 9 provide 35 of the 45 new residential units consented under planning application AWDM/1529/18. For further information please visit our dataroom.
Each party to pay their own legal costs unless otherwise agreed.
We are informed that VAT will be chargeable on the purchase price.
A dataroom is available containing the following information at the link below:
• Title Plans
• Floor Plans
(Existing & Proposed)
• Asbestos Report
• Estimated Build Costs
• Draft Contract
• CPSE Enquiries