Property Summary

The building forms part of a terrace on the south side of Montague Street. This three storey building comprises of a ground floor commercial unit - currently let as hot food and takeaway. Over the first and second floors is a vacant 2 bedroom maisonette.
Situation The property is situated in Worthing Town Centre and is surrounded by a variety of independent & commercial traders. Worthing seafront & mainline station are within walking distance of the property - providing direct links to London Victoria.
Accommodation 143a - 57 sq.m. (commercial)
143b - 39 sq.m. (residential)

Rateable Value - £10,750

Tenure - Freehold

Tenancy 143a Montague Street is let on a 20 year lease - from 29th June 2017 with rent reviews dates on 29th June 2022, 29th June 2027 and 29th June 2032, with a break clause on every fifth anniversary of the lease. Current rent is £12,600pa.

Rent At an initial rent of £12,000 per annum and then as revised pursuant to the lease and any interim rent determined under the LTA 1954. Effective full repairing and insuring terms.

Council Tax - 143B Montague Street - Band B

EPC Rating - 143 - TBC; 143B - F

lot type

Freehold mixed use - Vacant maisonette - commercial let

private treaty - sale status

FOR SALE BY AUCTION

type

Freehold Mixed Investment Consisting Of A Ground Floor Commercial Unit And Vacant 2 Bedroom Maisonette

description

The building forms part of a terrace on the south side of Montague Street. This three storey building comprises of a ground floor commercial unit - currently let as hot food and takeaway. Over the first and second floors is a vacant 2 bedroom maisonette.
Situation The property is situated in Worthing Town Centre and is surrounded by a variety of independent & commercial traders. Worthing seafront & mainline station are within walking distance of the property - providing direct links to London Victoria.
Accommodation 143a - 57 sq.m. (commercial)
143b - 39 sq.m. (residential)

Rateable Value - £10,750

Tenure - Freehold

Tenancy 143a Montague Street is let on a 20 year lease - from 29th June 2017 with rent reviews dates on 29th June 2022, 29th June 2027 and 29th June 2032, with a break clause on every fifth anniversary of the lease. Current rent is £12,600pa.

Rent At an initial rent of £12,000 per annum and then as revised pursuant to the lease and any interim rent determined under the LTA 1954. Effective full repairing and insuring terms.

Council Tax - 143B Montague Street - Band B

EPC Rating - 143 - TBC; 143B - F