10 High St | Worthing BN11 1NU
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10 High St
Worthing BN11 1NU
Retail Property For Sale
Investment Highlights
- Heart of Worthing town centre
- Easy reach of Worthing mainline station
- Nearby the seafront
Executive Summary
A substantial premises made up of two adjoining units each with separate entrances. The building is let to Group Entertainment Ltd trading as Angels Bar & Nightclub. The premises are let on a 15 year lease at a current annual rent is currently £125,000, rising to £135,000 from 2025 for the remainder of the term.
The premises are predominantly open plan and consist of a part mezzanine seating area with bar which overlooks the main dance area located on the ground floor, comprising of bar, seating booths and DJ area. An internal door leads to a further self contained bar area with dance floor and additional seating.
The premises are predominantly open plan and consist of a part mezzanine seating area with bar which overlooks the main dance area located on the ground floor, comprising of bar, seating booths and DJ area. An internal door leads to a further self contained bar area with dance floor and additional seating.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
6,541 SF
Building Class
B
Year Built
1980
Price
$1,553,142
Price Per SF
$237
Cap Rate
10%
NOI
$155,314
Tenancy
Single
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.60 AC
Frontage
53 FT on High Street
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Energy Performance Rating - D
- Balcony
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