56-58 South St
Worthing BN11 3AA
Retail Property For Sale
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INVESTMENT HIGHLIGHTS
- Close to TK Maxx, HSBC and Pizza Express
- A two storey building with brick faced elevations and a pitched roof.The ground floor is used as retail and the first floor is accessed by step ladder
- The property lies at the junction of three important retail streets, Chapel Road, Warwick Street and South Street
EXECUTIVE SUMMARY
The entire property is let to JG Foods Ltd on a five year fully repairing and insuring lease from 08/10/2022 to 07/10/2027 with no breaks. The lease is inside the Landlord & Tenant Act 1954 and the rent is £43,500 pa, paid monthly.
• Prime central location
• Prominent unit in largest town in West Sussex
• Close to TK Maxx, HSBC and Pizza Express
• Entire freehold, single letting of whole
• Let to large national multiple retailer
• Rent £43,500 pa
• OIEO £415,000 showing 10%
• Prime central location
• Prominent unit in largest town in West Sussex
• Close to TK Maxx, HSBC and Pizza Express
• Entire freehold, single letting of whole
• Let to large national multiple retailer
• Rent £43,500 pa
• OIEO £415,000 showing 10%
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
2,370 SF
Year Built
1970
Price
$524,311
Price Per SF
$221
Tenancy
Single
Building Height
2 Stories
Building FAR
1.93
Lot Size
0.03 AC
Frontage
64 FT on South Street