332 Goring Road, Goring-by-sea, Worthing

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • High Yielding Mixed-Use Investment • Ground Floor Retail Unit with Residential Upper Parts • Ground Floor Retail Let to a Pub on New 10 Year Lease • Annual RPI-Linked Rent Reviews • Upper Parts Let on an AST • High Footfall Pitch in Affluent Town • Investment Let at £40,000 p.a. (12.31% GIY on Guide Price)

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 33 Margaret Street, London, W1G 0JD

Full Description: The property comprises a high yielding mixed-use investment opportunity occupying a high footfall pitch in an affluent South Coast town.Arranged as a ground floor retail unit with residential upper parts, the property is fully let and producing a total aggregate income of £40,000 per annum.The ground floor is let to a pub on a new 10 year lease at £28,000 per annum. The lease includes annual RPI linked rent reviews.The upper parts are let to a private individual on an Assured Shorthold Tenancy (AST) expiring 01.09.2025 and paying £12,000 per annum (£1,000 pcm).The property occupies a prominent corner pitch with a frontage to Goring Road, an arterial route and the principal local retail amenity for the surrounding residential area. Nearby retailers include Hays Travel, Dominos and KFC.