25 & 25a Goring Road, Goring-by-Sea, Worthing, BN12 4AR

Description
An excellent and rare opportunity to purchase the freehold interest of a four storey mid-terrace property situated on the popular Goring Road in Worthing. The property which is considered suitable for investment, development or owner occupation is deceptive in size and viewing is highly recommended. The ground floor is currently let to a long established hair salon who have agreed in principal to extend their occupation on a new 5 year lease. The self contained upper parts comprise of a recently refurbished large 4 bedroom maisonette flat. The four bedrooms are all doubles whilst there is also a good sized kitchen, two bathrooms and separate WC. It is felt that the property could be let instantly as a four bedroom flat or alternatively permission could be sought to split the flat into two units or multiple rooms via obtaining a HMO licence.

Location
The property is situated in the heart of the popular Goring Road shopping district approximately 1.5 miles to the east of Worthing town centre. The popular beach and promenade are within a 5 minute walk of the property. Nearby occupiers include Boots, Tesco Express, Iceland, Card Factory and Costa Coffee. Worthing is a popular seaside town on situated between the cities of Brighton & Hove (13 miles east) and the cathedral city of Chichester (18 miles to the west). Worthing benefits from three mainline railway stations all with regular services along the southcoast and north to London. The nearest station to the subject property is at West Worthing which is 1 mile to the north.

Terms
The property is available freehold subject to the below mentioned ground floor tenancy and vacant possession of the upper floor flat.

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The accommodation comprises the following areas:

Tenancy
The ground floor retail premises is let to Shh... Limited at a current rent of £15,500 per annum. Terms have been agreed for a new 5 year lease with tenant only break clause at the 3rd year at a new rent of £17,250 per annum. The new lease could start simultaneously with any purchase. The lease would be inside the provisions of the 1954 Landlord & Tenant Act (Part II) as amended.

Business Rates & Council Tax
According to the VOA (Valuation Office Agency) website the ground floor has a rateable value of £12,250.

We are verbally informed that the upper floor flat has a Council Tax Band of C