Garage & Workshop Investment For Sale

Rear of 11 Broadwater Way, Worthing, BN14 9LP

Quick Summary

£225,000 Price Description: Offers in Excess of Income: £18360 Units: 14 Floors: 1 Type: Commercial, Garages, Industrial, Investment Status: Under Offer

Map

Property Description

An opportunity to acquire the freehold interest of 14 lock-up garages and workshop/stores occupying a convenient location in Broadwater, Worthing.

The premises are situated in a backland site and are accessed via a secure gated service road which runs adjacent to no.11 Broadwater Way. The location offers excellent transport links to the surrounding areas with good access to the A27 and A24 trunk roads.

We are advised that all of the units are currently let on informal licence agreements producing a gross income of £18,360 per annum.

 

INCOME:

Unit 1                           Let at £135 pcm

Unit 2                           Let at £120 pcm

Unit 3                           Let at £130 pcm

Unit 4                           Let at £300 pcm

Stores 1 & 2                   Let at £270 pcm

Garage 8                       Let at £65 pcm

Garage 9                       Let at £65 pcm

Garage 10                     Let at £70 pcm

Garage 11                     Let at £65 pcm

Garage 12                    Let at £70 pcm

Garage 13                     Let at £70 pcm

Garage 14                     Let at £70 pcm

Garage 15                     Let at £100 pcm

 

 

GUIDE PRICE:

Offers in Excess of £225,000 are invited for the Freehold interest, subject to the various tenancy agreements.

 

VIEWING:

Strictly by appointment with Spratt & Son.

 

TITLE:

The Freehold Title No is WSX263166.

Property Brochure

Contact Agent