28-32 High Street, Worthing,
West Sussex, BN11 1AQ
For Sale
Investment, Residential, Retail
Offers in excess of £500,000
Back To Search
Situated on High Street close to all amenities is this three storey building of traditional brick construction under a slate tile roof. Comprising of two ground floor retail premises with two self contained maisonette flats (one of which has been sold off on a long leasehold basis) above.
28 High Street provides a deceptive Class E premises which for many years has traded as a restaurant (a variety of different national cuisines) and benefits from laminate flooring, air conditioning (not tested), ample electrical sockets, cat 3 lighting and burglar alarm (not tested). The property also has superb 12ft window frontage. At the rear of the restaurant is a small kitchen with access to a customer/staff WC. The property further benefits by having exclusive access to a walled enclosed courtyard.
32 High Street is a versatile and substantial Class E premises which for many years has traded in the haor and beauty sector. Accessed via ground floor pedestrian door (which also has shutter protection) the premises benefits from laminate flooring, spotlighting, ample electrical sockets and with superb 18ft glazed window frontage. To the front of the premises is a small waiting area leading on to an open plan salon area with private treatment room, kitchen and WC located at the rear.
Flat One, 30 High Street is accessed via ground floor entrance with stairs leading to a well presented two bedroom maisonette flat. The property has recently been redecorated and carpeted and is ready for immediate occupation. The first floor provides kitchen, bathroom and superb large lounge with further stairs leading to two good sized double bedrooms at second floor level.
This is seen as a superb asset management opportunity with potential for rental growth at both ground floor properties.
Flat One, 30 High Street is ready for either owner occupation or alternatively could be let out as an investment with relative ease providing excellent regular income.
The building could be broken up with the possibility of three separate sales in the future if required.
28 High Street
The property is let to two private individuals and trades as a popular restaurant on an effective FR&I lease outside the Landlord & Tenant Act for a term of 10 years from 22nd September 2025. The current passing rent is £13,800 Per Annum.
Flat 1, 30 High Street
The flat is to be sold with full vacant possession. It is felt the flat could be rented for £14,400 Per Annum (£1,200 per month).
Flat 2, 30 High Street
The flat has been sold off on a long leasehold basis for a term of 125 years from 1st January 2013. The ground rent payable is £150 and doubles every 25 years.
32 High Street
The property is let to JL Hair & Wellness Limited and trades as a hair & beauty salon on an effective FR&I lease outside the Landlord & Tenant Act for a term of 10 years from 7th December 2024. The current passing rent is £14,000 Per Annum.
The property, one the flat is rented, could produce an income of £42,350 Per Annum Exclusive.
VAT is not to be charged on the quoting terms
28 High Street: £8,500
32 High Street: £12,500
Flat 1 has a Council Tax Band of A
30 High Street: B(41)
Flat 1, 30 High Street: E(49)
Town Centre Mixed Use Investment Opportunity with Excellent Asset Management Potential For Sale
Location
Worthing with a population in excess of 100,000 is a popular seaside town located in between the cities of Brighton (13 miles east) and Chichester (18 miles west) on the southcoast of England. Worthing is famed for its pier and promenade and both are within 750 yards of the subject property which is situated along High Street in the heart of the town centre. Nearby Warwick Street is known for its versatile choice of independent retailers, drinking establishments and eateries. A short walk away is Montague Street, Chapel Road and South Street where major retailers such as Boots, Marks & Spencer, H&M and the new Pret A Manger are situated.
Worthing mainline railway station with its regular service along the southcoast and north to London (journey time of 1 hour and 25 minutes) is located one mile to the north of the property whilst the town's major bus route passes outside the subject property.
Description
Justice & Co are delighted to present to the market this exciting mixed use investment opportunity in the heart of Worthing Town Centre.Situated on High Street close to all amenities is this three storey building of traditional brick construction under a slate tile roof. Comprising of two ground floor retail premises with two self contained maisonette flats (one of which has been sold off on a long leasehold basis) above.
28 High Street provides a deceptive Class E premises which for many years has traded as a restaurant (a variety of different national cuisines) and benefits from laminate flooring, air conditioning (not tested), ample electrical sockets, cat 3 lighting and burglar alarm (not tested). The property also has superb 12ft window frontage. At the rear of the restaurant is a small kitchen with access to a customer/staff WC. The property further benefits by having exclusive access to a walled enclosed courtyard.
32 High Street is a versatile and substantial Class E premises which for many years has traded in the haor and beauty sector. Accessed via ground floor pedestrian door (which also has shutter protection) the premises benefits from laminate flooring, spotlighting, ample electrical sockets and with superb 18ft glazed window frontage. To the front of the premises is a small waiting area leading on to an open plan salon area with private treatment room, kitchen and WC located at the rear.
Flat One, 30 High Street is accessed via ground floor entrance with stairs leading to a well presented two bedroom maisonette flat. The property has recently been redecorated and carpeted and is ready for immediate occupation. The first floor provides kitchen, bathroom and superb large lounge with further stairs leading to two good sized double bedrooms at second floor level.
This is seen as a superb asset management opportunity with potential for rental growth at both ground floor properties.
Flat One, 30 High Street is ready for either owner occupation or alternatively could be let out as an investment with relative ease providing excellent regular income.
The building could be broken up with the possibility of three separate sales in the future if required.
Accommodation
The property has the following approximate floor areas:| 28 High Street | 632 Sq Ft |
| Flat 1, 30 High Street | 775 Sq Ft |
| 32 High Street | 890 Sq Ft |
| TOTAL AREA | 2,300 Sq Ft |
Terms & Tenancies
The property is available freehold subject to the aforementioned tenancies and leaseholds.28 High Street
The property is let to two private individuals and trades as a popular restaurant on an effective FR&I lease outside the Landlord & Tenant Act for a term of 10 years from 22nd September 2025. The current passing rent is £13,800 Per Annum.
Flat 1, 30 High Street
The flat is to be sold with full vacant possession. It is felt the flat could be rented for £14,400 Per Annum (£1,200 per month).
Flat 2, 30 High Street
The flat has been sold off on a long leasehold basis for a term of 125 years from 1st January 2013. The ground rent payable is £150 and doubles every 25 years.
32 High Street
The property is let to JL Hair & Wellness Limited and trades as a hair & beauty salon on an effective FR&I lease outside the Landlord & Tenant Act for a term of 10 years from 7th December 2024. The current passing rent is £14,000 Per Annum.
The property, one the flat is rented, could produce an income of £42,350 Per Annum Exclusive.
Guide Price & VAT
Offers in Excess of £500,000 (Five Hundred Thousand Pounds).VAT is not to be charged on the quoting terms
Business Rates & Council Tax
According to the VOA (Valuation Office Agency) the rateable values are as follows:28 High Street: £8,500
32 High Street: £12,500
Flat 1 has a Council Tax Band of A
Legal Costs
Each party to pay their own costsEPC
28 High Street: B(48)30 High Street: B(41)
Flat 1, 30 High Street: E(49)
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
- Nearby Occupiers Include Waitrose, Lidl, Dulux Decorator Centre, HSBC & B&M Bargains
- Superb Asset Management Opportunity
- Potential To Produce £42,350 Per Annum
- Long Term Tenants - Historically Low Void Periods
- Potential For Break Up Opportunity (if required) To Suit SIPP & SASS Pensions
- Viewing Highly Recommended
