Exciting Town Centre Development Opportunity

Block 7, South Street, Worthing, BN11 3AA

Quick Summary

£750,000 Units: 8 Floors: 4 Area: 8063 sq ft Type: Commercial, Development, Investment Status: Under Offer

Map

Property Description

An excellent opportunity to purchase an exciting redevelopment scheme situated in a prime location within the heart of Worthing Town Centre. The scheme comprises a well designed upper part development for 8 two bedroom apartments. The block comprises one of three blocks which are available either separately or as a whole, please call for further information.

 

Location
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.

 

Terms

The property is to be sold with the benefit of a new 999 year lease.

 

Guide Price

£750,000

 

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.

Planning
Block 7 provides 8 of the 45 new residential units consented under planning application AWDM/1529/18. For further information please visit our dataroom.

 

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

VAT
We are informed that VAT will be chargeable on the purchase price.

 

Dataroom

A dataroom is available containing the following information at the link below:

• Title Plans
• Floor Plans
(Existing & Proposed)
• Asbestos Report
• GDV’s
• Estimated Build Costs
• Draft Contract
• CPSE Enquiries
• EPC
• Searches

http://informationpack.michaeljones.co.uk/property/29/blocks-6-7-9-south-street-worthing

Property Brochure

Floor Plans

Contact Agent