Freehold For Sale

2a Newland Street, Worthing, BN11 1JU

Quick Summary

£250,000 Price Description: Guide Price Units: 1 Floors: 2 Area: 1032 sq ft Type: Catering, Commercial, Development, Investment, Office, Retail Status: Sale Rooms: 2

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Property Description

Spratt and Son are delighted to bring to the market an opportunity to acquire a versatile commercial building benefiting from planning permission for redevelopment to create a ground floor retail/food outlet with a two bedroom apartment above.

The older style property, which has been historically used as workshop/storage space, is considered suitable for a variety of different users and presents an excellent opportunity for developers and investors or owner-occupiers seeking a versatile commercial space with a live/work environment.

Planning permission has been approved for a change of use to create a Hot Food Takeaway Shop (Use Class A5) on the ground floor, together with a self-contained two bedroom apartment arranged over first and second floors.

The property occupies a prominent location in Newland Street, just off Newland Road on the approach to Morrisons Supermarket. The property is situated within walking distance of Worthing’s Hospital, Mainline Railway Station and Town Centre. Nearby occupiers comprise a mix of residential dwellings, retailers and light-industrial users.

Viewing is strongly recommended.

 

ACCOMMODATION:

The existing accommodation is arranged as follows:

 

Ground Floor

Maximum overall depth             28’2

Maximum overall width             18’3

Approximate area                      513 ft2

 

First Floor

Maximum overall depth             27’8

Maximum overall Width             18’10

Approximate area                      519 ft2

 

PLANNING PERMISSION:

Planning Permission has been granted for redevelopment of the building under planning application no: AWDM/0419/18. The planning provides consent to create a ground floor Hot Food Takeaway together with a self-contained two bedroom flat on the first and second floors.

Whilst the property and location are extremely well suited to the current planning permission, it is our opinion that the property would suit a variety of different occupiers seeking retail, office or studio/workshop space.

Copies of the planning permission and plans can be found on the Planning Portal or are available by request.

 

TERMS:

 

Tenure:

Freehold

 

Guide Price:                                                  

£250,000 for the Freehold interest with full vacant possession

 

Legal Costs:

Both parties to be responsible for their own costs

 

VIEWING:

Strictly by appointment with Spratt & Son.

 

VAT:

Under the Finance Act 1989, VAT may be chargeable on the rent or sale price and it recommended that prospective tenants or purchasers should make their own enquiries to establish whether or not VAT is chargeable prior to entering into an agreement.

 

ENERGY PERFORMANCE CERTIFICATE:

The Energy Performance Asset Rating for the property is E.

Copies of the EPC and Recommendation Report are available upon request.

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