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Gratwicke Road, Worthing

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

5

SIZE

1,055 sq ft

98 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Retail & HMO Investment For Sale
  • Fully Let
  • Excellent Condition Throughout
  • Close To Worthing Town Centre
  • 1055 Sqft / 98 Sqm
  • Producing £43,200 PA

Description

The premises is a fully let investment with a café/retail unit on the ground floor and a fully let income producing HMO on part ground floor and upper parts of the property. The premises comprises a ground floor, predominantly open plan lock up retail shop with a current rent of £7,200 per annum. The HMO is let to a charity in its entirety and produces an income of £36,000 per annum.

Location
The property is situated near the coastline of West Sussex, on Gratwicke Road in Worthing. It is at the heart of a vibrant and welcoming community. Local shops, cafes and restaurants, as well as multiple independent retailers, surround the area. The premises is located 0.5 miles from the town centre and Worthing mainline train station. The subject property is located in a prominent position off Montague Street.

A location plan and street view can be viewed online through Google Maps by typing in the following postcode: BN11 4BH.

Use/Planning
We understand the property has the use class E of the Town and Country Planning Act 2020, but we advise any potential tenant to liaise with the planning authority. The HMO is licensed and registered.

VAT
VAT will not be chargeable on the terms quoted.

Business Rates
The current Rateable Value provided by the Valuation Office Agency for the retail element is £3,850.
However, since the premise has a rateable value lower than £12,000, occupiers can expect to benefit from 100% rate relief, subject to status: .

Energy Performance Certificate
The EPC for the property is E-54.

Legal Fees
Each party is responsible for their own legal fees.

Viewing Arrangements
Strictly by appointment through sole letting agent, Oakley Property


Brochures

Brochure 1

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Gratwicke Road, Worthing

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worthing Station0.6 miles
  • West Worthing Station0.9 miles
  • East Worthing Station1.3 miles
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About the agent

Oakley Property, Brighton

3-6 North Road, Brighton, BN1 1YA

Oakley Property, Brighton
Oakley Property

We offer a comprehensive range of residential and commercial property services throughout Sussex which also includes new homes, land, professional and management services.

With over 30 years in the business, we continue to evolve and improve. We have enjoyed a hugely successful 2023 and 2024 promises to build on that success with exciting new projects across all sectors.

With our dedicated team of professionals continuing to grow, we have even greater con

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Industry affiliations

National Association of Estate AgentsRoyal Institute of Chartered SurveyorsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

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Disclaimer - Property reference KLY_BRG_LFSYCL_901_1029315941. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Oakley Property, Brighton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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