Retail/Shop for sale Worthing BN11 3BE,1766sq ft

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Retail/Shop

Retail/Shop For Sale Worthing

PROPERTY ID: 140212

PROPERTY TYPE

Retail/Shop

STATUS

Under Offer

SIZE

1,766 sq.ft

Key Features

Largest town in West Sussex

Montague Street is the main retailing thoroughfare of Worthing

Prime corner retail unit in Montague Street

Let to national multiple with a turnover of £371m

Recently renewed 5 year lease, tenant has been in occupation since 2012

OIEO £330,000 - a purchase at that level shows a net initial yield of 11%

Property Details

Worthing is the largest town in West Sussex with a population over 105,000. It is 55 miles south of London, 12 miles west of Brighton and 18 miles east of Chichester. The town is a centre for retail, leisure and business with large employers such as GSK, Bowers & Wilkins, Southern Water, Equiniti, Rayner Optics, LEMO UK and HMRC all having large facilities in the town. Retailers including Marks & Spencer, River Island, New Look, Waterstones, Game, H Samuel, Berts Homestore and H&M are all represented.

Unit 2 Is A Ground Floor Corner Retail Unit Situated In A Prime Position On Montague Street At Its Junction Of Montague Place. The Ground Floor Provides Good Open Plan Retailing Space With Frontage To Montague Street. The Whole Building Was Formerly Occupied By Woolworths. Unit 1 (ground And First Floors) Is Occupied By H&m. At Second Floor Level And Above There Is An Exciting Residential Development Currently Being Constructed.

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About the Agent

Stiles Harold Williams Partnership LLP

See Agent's Other Properties

Retail Unit

£330,000 Freehold

Unit 2 33-35 Montague Street, Worthing, BN11 3BE

Retail/Shop - Under Offer
1,766 sq ft
164 sqm

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