£474,950

Property for sale

  1.  Montague Street 113115 Worthing 1.Jpg
  2.  Montague Street 113115 Worthing.Jpg
  3.  Montague Street 113115 Worthing 1.Jpg
  4.  Montague Street 113115 Worthing.Jpg
Freehold

Offers in region of

£474,950

(£261.39/sq. ft)

Property for sale

Montague Street, Worthing BN11

1,817 sq. ft

Local area information

Property location

Nearby amenities

  • Our Lady of Sion School 0.2 miles
  • Reflections Small School 0.3 miles
  • Worthing 0.6 miles
  • West Worthing 1 mile

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Worthing to find out more about the area.

Features and description

  • Freehold
Key Points

  • Fully Let
  • Producing £37,000 pa
  • Town Centre Location

  • Description

    An opportunity to purchase the freehold interest of a pair of two storey mid-terrace properties situated along the popular pedestrianised Montague Street, the property is offered for sale subject to the occupational tenancies noted within these marketing details.

    Shop 113 comprises of a ground floor takeaway premises with front sales and seating area with rear commercial kitchen with internal stairs leading to first floor ancillary storage and staff facilities. Shop 115 Montague Street comprises of a ground floor convenience store with front sales area with rear storeroom with WC. The property has rear pedestrian access.

    Shop 113 - 15 years from 14/12/21, break on 14/12/26 current rental £17,000pa
    Shop 115 - 15 years from 14/12/21, break on 14/12/26 current rental £20,000pa

    Combined rental income of £37,000 per annum exclusive.

    Viewings

    Viewings can be arranged via the Vendors sole Agents - Newlands Property.

    Location

    The property is situated towards the western end of Montague Street close to the junction with Crescent Road. Other occupiers within the immediate vicinity include The Body Shop, Greggs, Card Factory, The Works and a number of independent & national retailers, restaurants and cafes.

    Terms

    Offers are invited in the region of £474,950 for the freehold interest, subject to the occupational leases in place. A purchase at this level would reflect a net initial yield of 7.45% allowing for purchasers costs.

    More information

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    Property descriptions and related information displayed on this page are marketing materials provided by - Newlands Property - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Newlands Property - Commercial for full details and further information.

    1. Zoopla
    2. Commercial for sale
    3. West Sussex
    4. Worthing
    5. Montague Street

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