81 Chapel Road, Worthing,
West Sussex, BN11 1HU

Sold
Office, Retail

Guide Price £200,000

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Freehold Town Centre Three Storey Class E Premises with Conversion Potential For Sale

Location

Worthing is a busy coastal West Sussex town approximately 13 miles West to the city of Brighton and 18 miles East of the city of Chichester. The town, which has a population in excess of 105,000, provides a comprehensive range of shopping outlets such as Marks and Spencer, H&M, Costa Coffee, Starbucks and Boots. The council offices and Town Hall are situated 150 yards to the South in Chapel Road with immediate occupiers including takeaways, convenience store and a host of office occupiers. The property is situated on a popular bus route, whilst Worthing mainline railway station with its regular services along the South Coast and North to London Victoria (journey time 1hr 30 minutes) is located 5 mins walk to the North.

Description

The premises comprise of a 3 storey building currently laid out as office accommodation throughout, although historically we are informed it comprised of a ground shop with self contained two bedroom flat above. The property is of standard brick construction under a pitched roof which we are informed was completely replaced in 2016 alongside the erection of a new chimney. The ground floor provides open plan office accommodation with internal stairs leading to more cellular office space located over first and second floors with various staff facilities.

The property benefits from carpeting throughout, ample electrical and data sockets, night storage heating, double glazing (with exception of the second floor) whilst the ground floor also benefits from suspended ceiling with inset LED lighting and air conditioning (not tested).

The property does require some modernisation to bring the property up to modern day working standards, however, this is seen as versatile commercial accommodation in the heart of the town centre which could be suitable for a variety of commercial businesses. At the rear of the property there is a small enclosed courtyard.

Accommodation

The property has the following approximate floor areas:

Ground Floor
Office / Retail Area 573 Sq Ft
WC Unmeasured
First Floor
Office One 54 Sq Ft
WC Unmeasured
Office Two 100 Sq Ft
Office Three 201 Sq Ft
Second Floor
Office Four 108 Sq Ft
Office Five186 Sq Ft
TOTAL AREA 1,222 Sq Ft

Terms

The property is available freehold with full vacant possession upon completion

Guide Price & VAT

£200,000 (Two Hundred Thousand Pounds)

VAT is not to be charged on the purchase price

Business Rates

According to the VOA (Valuation Office Agency) the property has a rateable value of £7,900. It is therefore felt that any new Tenant or Owner could be eligable for 100% small business rates relief, subject to Tenant status. Interested parties are asked to contact Adur & Worthing Councils directly to ascertain what relief may be applicable to their business.

Legal Costs

Each party to pay their own costs

EPC

(C) 71

Anti-Money Laundering

In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the tenant and any beneficial owner together with evidence proof identifying the source of funds being relied upon to complete the transaction.

Summary

  • Situated Within Neighbourhood Shopping Parade At Entrance To Worthing Town Centre
  • Nearby Occupiers Include Morrisons Supermarket, Dreams, Sussex Beds, Worthing Town Hall & Worthing Medical Centre
  • Suit Owner Occupier / Investor / Small Developer
  • Potential To Produce £18,000 Per Annum
  • Potential To Convert Upper Floors Into Residential (stpc)
  • Viewing Highly Recommended