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LOT 5

213 Tarring Road, Worthing, West Sussex, BN11 4HW

213 Tarring Road, Worthing, West Sussex, BN11 4HW

Property Details
Tenure

Freehold Ground Rent Investment

Description
Freehold ground rent income comprising of:

Ground Floor Retail Unit sold on a 999 year lease from 8th November 2017 at a ground rent of £200 per annum

Ground Floor Flat sold off on a 125 year lease from the 24th June 2017 at a ground rent of £250 per annum

First Floor Flat sold off on a 125 year lease from the 24th June 2017 at a ground rent of £250 per annum

Total Income Per Annum £700


Location
Situated in Tarring Road Worthing in busy thoroughfare close to mainline railway station.

Auctioneers note
Of the qualifying tenants, of which there are 2, one has, we are advised, formally declined their rights to purchase the freehold therefore a requisite majority cannot be reached.

Additional Information
*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.


  • Freehold Ground Rent Investment
  • £700 Per Annum Income
  • Ideal Investment

Guide Price: £16,000-£17,000*


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