Freehold Investment Opportunity For Sale – BUSINESS UNAFFECTED

15 Ardsheal Road, Worthing, BN14 7RN

Quick Summary

£215,000 Price Description: Offers in Excess of Income: £15000 Units: 1 Floors: 2 Area: 950 sq ft Type: Commercial, Investment, Office, Retail Status: Under Offer Rooms: 4 Parking: 1

Map

Property Description

LOCATION:

Worthing is the largest town in West Sussex. Located on the coast approximately 60 miles south of London, 10 miles west of the City of Brighton and Hove and

13 miles east of the County town of Chichester.

Worthing has a resident urban population of approximately 100,000 people and a population of around 500,000 within a 13 mile catchment area.

 

SITUATION:

The premises are situated in a prominent location in Broadwater, a popular and well-established parade situated approximately 2 miles north of Worthing Town Centre.

The premises front onto a busy junction on one of the main arterial routes into the town and the parade benefits from good footfall levels.

Other occupiers within the locality include Starbucks, Costa, KFC, Domino’s Pizza, The Co-Op, Tesco Express and a number of independent retailers, office users, pubs and eateries.

 

DESCRIPTION:

The premises comprise a versatile two-story commercial building with a gross internal area of approximately 950 sq ft.

Externally, the property benefits from one car parking space on the front forecourt.

 

ACCOMMODATION:

The property has the following approximate gross internal floor areas:

 

Ground Floor shop front:

Maximum overall width       15’10

Maximum overall depth      35’4

Approximate area                 560 ft2

 

First Floor:

 

First Floor Front Office        201 ft2

 

First Floor Middle Office     119 ft2

 

First Floor Rear Office         73 ft2

 

WC

 

TENANCY:

The premises are let to Diamond Tanning Limited who trade as a Tanning Salon with beauty rooms on the first floor.

The FRI lease is contracted outside of the security provisions of the Landlord & Tenant Act and commenced in January 2017 for a term of five years, expiring in January 2022. The current passing rent is £15,000 per annum.

Full lease details are available upon request.

 

TENURE:

Freehold.

 

GUIDE PRICE:      

Offers in Excess of £215,000 are invited for the Freehold interest, subject to the existing occupational lease.

 

LEGAL FEES:

Each side to be responsible for their own costs

 

VAT:

We are advised that VAT will not be applicable on the purchase price.

 

VIEWING:

As the shop is currently trading for business, all viewings are strictly by prior appointment with Spratt & Son.

 

ENERGY PERFORMANCE CERTIFICATE:

The Energy Performance Asset Rating for the property is E.

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

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