Property photos
Auction
From
£300,000
Property for sale
Rowlands Road, Worthing BN11Local area information
Property location
Nearby amenities
- Our Lady of Sion School 0.4 miles
- St Mary's Catholic Primary School 0.4 miles
- West Worthing 0.7 miles
- Worthing 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Worthing to find out more about the local area.
Features and description
- To be offered on Tuesday 16 April
- High Yielding Mixed Use Investment
- Eight Retail Units with Residential Upper Parts
- Fully Let - Producing £34,750 per annum
- Let on Six Separate Leases
- WAULT of 6.8 Years to Expiry
- Upper Parts Comprise Three Flats (sold Long Leasehold)
- Asset Management Potential
- Guide Price Reflects 11.58% Gross Yield
Strapline
Auction Sale - 15/04/2024
High Yielding, Multi-Let, Mixed Use Investment
Fully Let Corner Parade of Eight Retail Units (let to six tenants) with Residential Upper Parts. Producing a Total £34,750 per annum.
Description
The property comprises a high yielding, multi-let, mixed use investment forming a popular corner parade in Worthing.
Arranged over ground and first floors, the property comprises eight retail units to the ground floor with three residential flats to the upper parts, each with a separate access from street level.
The retail units are all fully let on six separate leases to five tenants whilst the upper parts are sold off on a long leasehold basis. The retail tenants comprise a mix of local businesses including a pharmacy, barbers and bakery. The Weighted Average Unexpired Lease Term (WAULT) for the retail units is an attractive 6.77 years.
The property forms a prominent corner parade at the junction of two major streets within Worthing, a popular south coast town.
Tenancy
Please see the tenancy schedule for full information.
Auction Sale - 15/04/2024
High Yielding, Multi-Let, Mixed Use Investment
Fully Let Corner Parade of Eight Retail Units (let to six tenants) with Residential Upper Parts. Producing a Total £34,750 per annum.
Description
The property comprises a high yielding, multi-let, mixed use investment forming a popular corner parade in Worthing.
Arranged over ground and first floors, the property comprises eight retail units to the ground floor with three residential flats to the upper parts, each with a separate access from street level.
The retail units are all fully let on six separate leases to five tenants whilst the upper parts are sold off on a long leasehold basis. The retail tenants comprise a mix of local businesses including a pharmacy, barbers and bakery. The Weighted Average Unexpired Lease Term (WAULT) for the retail units is an attractive 6.77 years.
The property forms a prominent corner parade at the junction of two major streets within Worthing, a popular south coast town.
Tenancy
Please see the tenancy schedule for full information.
More information
Listed by
Savills - National Auctions
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