No longer on the market
This property is no longer on the market
Floorplans (
MapIndustrial development
Industrial development
1817
Features and description
- Currently Producing £37,000 Per Annum
- Net Yield of 7.45%
- Potential To Convert The Upper Parts in the Future (stpc)
- Potential to Increase Rents
- Situated in Montague Street, Worthing With Nearby Occupiers Including Greggs, Body Shop, Card Factory, Marks & Spencer & Boots
- Excellent Asset Management Opportunity
Description
An excellent opportunity to purchase the freehold interest of a pair of two storey mid-terrace properties situated along the popular pedestrianised Montague Street. The property which is considered suitable for investment and future re-development is offered for sale subject to the occupational tenancies noted within these marketing details.
113 Montague Street & First Floor 115 Montague Street
The property 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. The ground floor benefits from tiled flooring, spot lighting, double glazed 13ft shopfront, CCTV (not tested) and security shutter.
115 Montague Street
The property comprises of a ground floor convenience store with front sales area with rear storeroom with WC. The property has rear pedestrian access. The ground floor benefits from tiled flooring, suspended ceiling with LED lighting, ample electrical points, double glazed 14ft shopfront, CCTV (not tested) and burglar alarm.
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 plethora of independent & national retailers, restaurants and cafes. Worthing seafront is approximately 300 yards to the south where its popular promenade and pier can be found. Worthing has a population in excess of 105,000 and a catchment area of 250,000 and is located on the south coast approximately 11 miles to the west of the city of Brighton and 18 miles to the east of the cathedral city of Chichester. Worthing mainline railway station with its regular services along the south coast and north to London is located approximately 1.2 miles to the north.
Terms
The property is available freehold as one single lot, subject to the occupational tenancies as listed within the marketing details.
Business Rates
The properties have the following rateable values:
113 & First Floor 115 Montague Street - £10,000
115 Montague Street - £12,500
An excellent opportunity to purchase the freehold interest of a pair of two storey mid-terrace properties situated along the popular pedestrianised Montague Street. The property which is considered suitable for investment and future re-development is offered for sale subject to the occupational tenancies noted within these marketing details.
113 Montague Street & First Floor 115 Montague Street
The property 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. The ground floor benefits from tiled flooring, spot lighting, double glazed 13ft shopfront, CCTV (not tested) and security shutter.
115 Montague Street
The property comprises of a ground floor convenience store with front sales area with rear storeroom with WC. The property has rear pedestrian access. The ground floor benefits from tiled flooring, suspended ceiling with LED lighting, ample electrical points, double glazed 14ft shopfront, CCTV (not tested) and burglar alarm.
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 plethora of independent & national retailers, restaurants and cafes. Worthing seafront is approximately 300 yards to the south where its popular promenade and pier can be found. Worthing has a population in excess of 105,000 and a catchment area of 250,000 and is located on the south coast approximately 11 miles to the west of the city of Brighton and 18 miles to the east of the cathedral city of Chichester. Worthing mainline railway station with its regular services along the south coast and north to London is located approximately 1.2 miles to the north.
Terms
The property is available freehold as one single lot, subject to the occupational tenancies as listed within the marketing details.
Business Rates
The properties have the following rateable values:
113 & First Floor 115 Montague Street - £10,000
115 Montague Street - £12,500
Property information from this agent
About this agent
Justice & Co are Commercial property agents based in Worthing BN11 1TF