Exciting Town Centre Development Opportunity

Block 9, South Street, Worthing, BN11 3AA

Quick Summary

£1,450,000 Units: 18 Floors: 4 Area: 15802 sq ft Type: Commercial, Development, Investment Status: Sale

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 18 flats with accommodation ranging from one to three bedrooms.

 

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

Freehold sale, subject to our client retaining a long leasehold interest of 8 ground floor retail units.

 

Guide Price

£1,450,000

 

Planning
Block 9 provides 18 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

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