40 Marine Parade, Worthing, West Sussex, BN11

GBP 450,000
For Sale

Property Details

Property Type

None

Description

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

Key Features: • Situated on Worthing Seafront Opposite Popular Pier & Promenade • Nearby Occupiers Include Costa Coffee, Cakebox, H&M, Pandora & Marks & Spencers • Currently Producing £30,900 Per Annum Exclusive • Net Yield of 6.57% • Rare Freehold Opportunity • Viewing Highly Recommended

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

Agent Information: • Address: 307 Goring Road Goring-By-Sea Worthing BN12 4NX

Full Description: The premises comprise of a striking four storey victorian building situated on Worthing seafront in the heart of the Town Centre. The property provides accommodation for a ground floor bar / restaurant premises with first, second and third floors providing residential living accommodation. The ground floor has recently been let to a new Tenant and is currently being refurbished. The bar has a capacity for 120 persons both internally and externally although it is felt this could be increased if required and upon gaining the necessary consents. The property has superb natural daylight supplied via its impressive window frontage and the ground floor accommodation provides a large open plan seating area with bar located to front. The upper floors are all sold off on 125 year leases from January 2015. This is seen as a rare opportunity to acquire a rare income producing freehold and viewing is therefore highly recommended.Energy Performance CertificatesEPC Rating GraphEPC Rating Graph

Location

Address

40 Marine Parade, Worthing, West Sussex, BN11

City

West Sussex

Features and Finishes

Situated on Worthing Seafront Opposite Popular Pier & Promenade, Nearby Occupiers Include Costa Coffee, Cakebox, H&M, Pandora & Marks & Spencers, Currently Producing £30,900 Per Annum Exclusive, Net Yield of 6.57%, Rare Freehold Opportunity, Viewing Highly Recommended

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