113-115 Montague Street, Worthing, BN11 3BP

Property Details: • Type: 1,817 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Fully Let • Producing £37,000 PA • Town Centre Location

Location: • Nearest Station: Worthing Station • Distance to Station: 0.6 miles

Agent Information: • Address: Clarence House, North Street BN1 1EB

Full Description: DescriptionAn opportunity to purchase the freehold interest of a pair of two storey mid-terrace properties situated along the popular pedestrianised Montague Street, the property is offered for sale subject to the occupational tenancies noted within these marketing details. Shop 113 comprises of a ground floor takeaway premises with front sales and seating area with rear commercial kitchen with internal stairs leading to first floor ancillary storage and staff facilities. Shop 115 Montague Street comprises of a ground floor convenience store with front sales area with rear storeroom with WC. The property has rear pedestrian access. Shop 113 - 15 years from 14/12/21, break on 14/12/26 current rental £17,000paShop 115 - 15 years from 14/12/21, break on 14/12/26 current rental £20,000paCombined rental income of £37,000 per annum exclusive.LocationThe property is situated towards the western end of Montague Street close to the junction with Crescent Road. Other occupiers within the immediate vicinity include The Body Shop, Greggs, Card Factory, The Works and a number of independent & national retailers, restaurants and cafes.ViewingsViewings can be arranged via the Vendors sole Agents - Newlands Property.TermsOffers are invited in the region of £474,950 for the freehold interest, subject to the occupational leases in place. A purchase at this level would reflect a net initial yield of 7.45% allowing for purchasers costs.