Property photos
Freehold
Offers in region of
£500,000
5 bed terraced house for sale
Gratwicke Road, Worthing BN115 beds
5 baths
1 reception
Key Information
Local area information
Property location
Nearby amenities
- Our Lady of Sion School 0.2 miles
- Reflections Small School 0.3 miles
- Worthing 0.6 miles
- West Worthing 0.9 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
- Freehold
- Retail & HMO Investment For Sale
- Fully Let
- Excellent Condition Throughout
- Close To Worthing Town Centre
- 1055 Sqft / 98 Sqm
- Producing £43,200 pa
Retail Shop & HMO Investment
The premises is a fully let investment with a café/retail unit on the ground floor and a fully let income producing HMO on part ground floor and upper parts of the property. The premises comprises a ground floor, predominantly open plan lock up retail shop with a current rent of £7,200 per annum. The HMO is let to a charity in its entirety and produces an income of £36,000 per annum.
Location
The property is situated near the coastline of West Sussex, on Gratwicke Road in Worthing. It is at the heart of a vibrant and welcoming community. Local shops, cafes and restaurants, as well as multiple independent retailers, surround the area. The premises is located 0.5 miles from the town centre and Worthing mainline train station. The subject property is located in a prominent position off Montague Street.
A location plan and street view can be viewed online through Google Maps by typing in the following postcode: BN11 4BH.
Use/Planning
We understand the property has the use class E of the Town and Country Planning Act 2020, but we advise any potential tenant to liaise with the planning authority. The HMO is licensed and registered.
VAT
VAT will not be chargeable on the terms quoted.
Business Rates
The current Rateable Value provided by the Valuation Office Agency for the retail element is £3,850.
However, since the premise has a rateable value lower than £12,000, occupiers can expect to benefit from 100% rate relief, subject to status:
Energy Performance Certificate
The EPC for the property is e-54.
Legal Fees
Each party is responsible for their own legal fees.
Viewing Arrangements
Strictly by appointment through sole letting agent, Oakley Property
The premises is a fully let investment with a café/retail unit on the ground floor and a fully let income producing HMO on part ground floor and upper parts of the property. The premises comprises a ground floor, predominantly open plan lock up retail shop with a current rent of £7,200 per annum. The HMO is let to a charity in its entirety and produces an income of £36,000 per annum.
Location
The property is situated near the coastline of West Sussex, on Gratwicke Road in Worthing. It is at the heart of a vibrant and welcoming community. Local shops, cafes and restaurants, as well as multiple independent retailers, surround the area. The premises is located 0.5 miles from the town centre and Worthing mainline train station. The subject property is located in a prominent position off Montague Street.
A location plan and street view can be viewed online through Google Maps by typing in the following postcode: BN11 4BH.
Use/Planning
We understand the property has the use class E of the Town and Country Planning Act 2020, but we advise any potential tenant to liaise with the planning authority. The HMO is licensed and registered.
VAT
VAT will not be chargeable on the terms quoted.
Business Rates
The current Rateable Value provided by the Valuation Office Agency for the retail element is £3,850.
However, since the premise has a rateable value lower than £12,000, occupiers can expect to benefit from 100% rate relief, subject to status:
Energy Performance Certificate
The EPC for the property is e-54.
Legal Fees
Each party is responsible for their own legal fees.
Viewing Arrangements
Strictly by appointment through sole letting agent, Oakley Property
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
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Listed by
Oakley Property
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Property descriptions and related information displayed on this page are marketing materials provided by - Oakley Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Oakley Property for full details and further information.