10 Shelley Road, Worthing,
West Sussex, BN11 1TR
To Let
Office
£17,000 pa
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Accessed via private secure entrance directly off Shelley Road the premises has, for many years been occupied by a variety of office occupiers. Currently providing cellular office space across both floors the offices benefit from gas fired central heating (not tested), carpeted flooring, window blinds, single glazing, suspended ceiling with inset LED lighting and ample electrical and data sockets. The property has a small kitchen and WC located at ground floor level.
Externally there is a shared rear enclosed courtyard which is accessed between Grafton House and this property with the area providing an area for staff breaks and socialising.
Alternatively, the freehold may be available with full vacant possession upon completion. Further details available upon request.
£350,000 (Three Hundred & Fifty Thousand Pounds)
VAT is not to be charged on the quoting terms
The property would be suitable for purchase by an owner occupier or investor. An investor could expect to see a rental return of circa £17,000 Per Annum.
A new owner could apply for planning permission to convert the existing offices into residential apartments.
Alternatively the property could be let to a variety of commercial businesses for continued commercial use.
Town Centre Two Storey Office Premises Suitable For A Variety of Commercial Uses (stpc)
Location
Worthing is a popular seaside town the largest in West Sussex with a population of approximately 111,300 (2021 census) and is a centre for leisure, tourism and business. Brighton is situated approximately 13 miles to the east and Chichester 18 miles to the West. Worthing mainline railway station with its regular services along the coast and north to London Victoria (journey time of 1 hour and 30 minutes) is located approx 1 mile to the north. Strategic business occupiers include HM Revenue and Customs, Southern Water, GSK, Rayner Lenses, and Equiniti.
10 Shelley Road is situated within the heart of the Town Centre being immediately to the north of Montague Street, the prime shopping location. Occupiers include M&S, Boots, Superdrug, H&M and many other national and local brands. Worthing is a vibrant and popular centre for office occupiers. Good quality, well-presented offices are experiencing good occupational demand, with higher-quality and well-located offices remaining attractive.
Description
The property comprises of a two storey commercial premises of brick construction which has been rendered under a slate tile roof.Accessed via private secure entrance directly off Shelley Road the premises has, for many years been occupied by a variety of office occupiers. Currently providing cellular office space across both floors the offices benefit from gas fired central heating (not tested), carpeted flooring, window blinds, single glazing, suspended ceiling with inset LED lighting and ample electrical and data sockets. The property has a small kitchen and WC located at ground floor level.
Externally there is a shared rear enclosed courtyard which is accessed between Grafton House and this property with the area providing an area for staff breaks and socialising.
Accommodation
The property has the following approximate floor areas:| Ground Floor | |
| Kitchen | 189 Sq Ft |
| Office One | 147 Sq Ft |
| Office Two | 287 Sq Ft |
| Storage | 44 Sq Ft |
| First Floor | |
| Hallway / Storage | 40 Sq Ft |
| Office Three | 139 Sq Ft |
| Office Four | 292 Sq Ft |
| TOTAL AREA | 1,138 Sq Ft |
Terms
The property is available by way of a new FR&I Lease to be granted inside the provisions of the 1954 Landlord & Tenant Act (Part II).Alternatively, the freehold may be available with full vacant possession upon completion. Further details available upon request.
Rent / Guide Price & VAT
£17,000 Per Annum Exclusive£350,000 (Three Hundred & Fifty Thousand Pounds)
VAT is not to be charged on the quoting terms
Opportunity
This is seen as a versatile commercial property which huge potential.The property would be suitable for purchase by an owner occupier or investor. An investor could expect to see a rental return of circa £17,000 Per Annum.
A new owner could apply for planning permission to convert the existing offices into residential apartments.
Alternatively the property could be let to a variety of commercial businesses for continued commercial use.
Business Rates
According to the VOA (Valuation Office Agency) the property has a rateable value of £12,750. Interested parties are asked to contact Adur & Worthing councils directly to ascertain whether any rates relief may be applicable to their business.Legal Costs
Each party to pay their own costsEPC
D(87)Anti-Money Laundering
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transactionSummary
- Situated in Heart of Worthing Town Centre Near To Montague Street, Town Hall, Worthing Integrated Care Centre & Library
- Cellular Offices Over Ground & First Floor Levels with Allocated On-Site Parking
- Available To Let on New FR&I Lease Terms or Freehold With Full Vacant Possession
- Suit Variety of Commercial Occupiers (subject to obtaining any necessary planning consents)
- Potential To Convert To Residential Accommodation (subject to planning)
- Potential of Further 2,647 Sq Ft With Parking in Neighbouring Building For Sale / To Let
