Freehold investment for sale

137 Montague Street, Worthing, BN11 3BX

Quick Summary

£320,000 Price Description: 320000 Area: 545 sq ft Type: Commercial, Investment Status: Sale

Property Description

Location

The property is situated in a prominent position on the corner of Montague Street & West Building commercial parade comprising multiple shop occupiers, together with offices. It is located close to Worthing Town centre, the seafront is also within reasonable access.

Worthing is the largest town in West Sussex, located on the coast between Brighton and Chichester.

Description

An opportunity to purchase a good freehold investment with the benefit of being fully tenanted. The shop comprises of retail space with a separate kitchen, WC and first floor storage. 2 bed maisonette with access from West Buildings.

PRICE
Asking price of £320,000.

TENURE
Freehold subject to the below tenancies.

Shop – 137 Montague Street, let on an effective full repairing and insuring lease for a term of 10 years from Oct 2023, with a break clause and rent review at the 5th year at a rent of £12,000 per annum.

Flat 137a Montague Street – let on an AST at a rent of £750 PCM.

Legal Fees
Each side are responsible for their own legal costs

EPC RATING
Shop: C
Flat: D
Copies of the EPC’s and Recommendation Reports are available upon request.

ACCOMODATION

Shop
Ground Floor
Net Internal Area Approx: 420 sq ft
Kitchen Area
W.C
First floor Storage/office Approx: 125 sq ft

Maisonette

Entrance Hall
1st floor – Lounge
Stairs leading to:
Kitchen
2 Bedrooms
Bathroom

Property Brochure

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