2 Bedroom Commercial Property Sold in Worthing, BN11
| Reference | 39836 |
| Address |
Tarring Road, Worthing, BN11 4HW (Map Location) |
| Beds | 2 |
| Baths | 1 |
| Type | Commercial Property |
| Tenure | Freehold |
Freehold Investment Opportunity - Two Bedroom 1st Floor Flat and Ground Floor Retail Shop
Description
Freehold Investment Opportunity - Two Bedroom 1st Floor Flat and Ground Floor Retail Shop with possible scope for further development subject to planning consent – Flat let on Periodic AST - Shop Let on a 10 Year FRI Lease from June 2016 exempt from the Landlord and Tenant Act - Very Large First Floor Flat – Lounge / Diner - Two Double Bedrooms – Fully refurbished in early 2016 – New Kitchen – New Bathroom – New Gas Central Heating – New Carpets and Floor Coverings Throughout - Double Glazed – Shop refurbished by current tenants to a good standard – Space for two vehicles to park at the rear - Near West Worthing Railway Station – Combined Rental Income of £19,240pax
A Freehold Investment of a two bedroom 1st floor flat and a retail shop beneath. The flat is an extremely large two bedroom flat with its own private entrance having been extensively refurbished in early 2016. The flat offers a superior large lounge / diner measuring approximately 18’-6” x 14’ into the bay. Two Double bedrooms measuring approximately 12’-6” x 12’ and 11’-6” x 10’-6” respectively into the bay and a split level hallway / landing measuring approximately 27’. The Kitchen comes fully fitted with a range of base and wall units, a gas hob, electric oven, extractor and space for two under worktop appliances including plumbing and waste for a washing machine or similar. The Bathroom has an extra-large 1800 x 800 steel enamelled bath with a shower over bath. Superior quality pedestal basin and close coupled white WC. New (2016) gas fire central heating with a combination boiler providing hot water on demand. Ample storage space with two large built in cupboards, one thermostatically controlled, electrically or gas fired centrally heated to provide all year round airing for clothing. New carpets (2016) and flooring throughout. The windows are double glazed. There is space at the rear of the property for two vehicles to park along with local ‘on road’ free or permit parking. The property is very close to West Worthing Railway Station. The shop is currently let on a 10 year Full Repairing & Insuring Lease from June 2016. The current business is a well-established outlet for premium hi end audio systems. The photos of the flat were taken prior to the current tenancy which commenced in October 2016.