Property Summary

The building forms part of a terrace on the east side of Broadwater Road. This two storey building comprises of a ground floor commercial unit - currently let as hot food and takeaway. Over the first floor is a self contained 2 bedroom flat.
Tenure - Freehold
Tenancies 60 Broadwater Road - The ground floor commercial unit is let on a 20 year lease from the 4th September 2020, at £14,000 pa and then as revised pursuant to the lease and any interim rent determined under the LTA 1954. Rent review every 5th anniversary of the lease.
62 Broadwater Road - Let on an Assured Shorthold Agreement for 6 months from 9th March 2015 at a rent of £800pcm, tenant holding over rent hasn't been reviewed since 2015.
Accommodation Living Room - 3.9 x 3.2
Kitchen - 2.5 x 2.1
Bedroom 1 - 3.8 x 3.1
Bedroom 2 - 2.2 x 2.2
Total Floor Area - 55 sq.m.
Commercial unit
Total Floor Area - 76 sq.m.
Rateable Value - £7,300
Council Tax 62 - Band A
EPC Rating 60 (Commercial) - TBC; 62- TBC

lot type

Freehold Mixed Commercial / Residential Investment

situation

Located on Broadwater Road adjacent to multiple shops & local amenities, The property is situated within walking distance of Worthing Station - with direct routes to London Victoria. Worthing Town Centre is less than a mile away from the property, offering a comprehensive range of shops, restaurants and leisure facilities.

private treaty - sale status

SOLD BY AUCTION 2025

type

Freehold Mixed Investment Consisting Of A Ground Floor Commercial Unit And Self Contained 2 Bedroom Flat Total Income £23,600 PA

description

The building forms part of a terrace on the east side of Broadwater Road. This two storey building comprises of a ground floor commercial unit - currently let as hot food and takeaway. Over the first floor is a self contained 2 bedroom flat.
Tenure - Freehold
Tenancies 60 Broadwater Road - The ground floor commercial unit is let on a 20 year lease from the 4th September 2020, at £14,000 pa and then as revised pursuant to the lease and any interim rent determined under the LTA 1954. Rent review every 5th anniversary of the lease.
62 Broadwater Road - Let on an Assured Shorthold Agreement for 6 months from 9th March 2015 at a rent of £800pcm, tenant holding over rent hasn't been reviewed since 2015.
Accommodation Living Room - 3.9 x 3.2
Kitchen - 2.5 x 2.1
Bedroom 1 - 3.8 x 3.1
Bedroom 2 - 2.2 x 2.2
Total Floor Area - 55 sq.m.
Commercial unit
Total Floor Area - 76 sq.m.
Rateable Value - £7,300
Council Tax 62 - Band A
EPC Rating 60 (Commercial) - TBC; 62- TBC