Description

LOCATION
The property is situated in a prime location within Worthing town centre close by to main bus stop hub and just off the seafront, nearby occupiers include Toni & Guy, Starbucks, Beales, Robert Dyas & WHSmith.

South Street is also home to department stores Beales and Debenhams other retailers in town include River Island, Next, Boots & Marks & Spencer.

PROPERTY
The property offers an excellent town centre freehold investment/ development opportunity. Currently operating as a KFC franchise since circa 1994, the property has good potential to be reconfigured and re-develop the upper/ rear parts into residential use (STPC).

The property could also be re-let as a whole and has the benifit of A3/A5 use. Plans can be made available on request for interested parties.

SIZE
Basement – 315.sq.ft
Ground floor – 1,367sq.ft
First floor – 869sq.ft
Second floor – 513sq.ft
Third floor – 412sq.ft
Total approximate internal area circa – 3,476sq.ft

LEASE
The property is currently let at a passing rent of £41,000 the tenant is holding over and the landlord has served a section 25 notice on the tenant.

PRICE
The property is for sale in our April 24th auction, unless sold prior with a guide price of £450,000+ a legal pack for the property will be made available and it will be sold under Auction conditions with 28 day completion.

BUSINESS RATES
Interested parties are advised to contact the local authority to confirm the rates payable, we are advised the property has a rateable value of £31,500.

LEGAL COSTS
Each party with be responsible for their own costs incurred in relation to the transaction.

EPC
An EPC is available for interested parties to view on request.

VAT
May be chargeable on this transaction, interested parties must make their own enquiries to confirm.

VIEWING
Strictly by appointment through the vendors Sole Agents: Parsons Son & Basley – Richard Lowrey