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LOT 3

South Street, Worthing, West Sussex, BN11 3AA

South Street, Worthing, West Sussex, BN11 3AA

Property Details
Tenure

FREEHOLD

Description
The property offers an excellent town centre freehold investment/development opportunity. Currently operating as a KFC franchise since circa 1994, the property has good potential to be reconfigured and re-develop the upper/rear parts into residential use (STPC)

The property could also be re-let as a whole and has the benefit of A3/A5 use. Plans can be made available on request for interested parties.

The property is currently let at a passing rent of £41,000 per annum. The landlord has served a section 25 notice on the tenant.

The tenant has declined the offer of a new lease and will vacate the premises on the 31st December 2019 assisting therefore the development potential.

Location
The property is situated in a prime location within Worthing town centre close by to main bus stop hub and just off the seafront. Nearby occupiers include Toni & Guy, Starbucks, Robert Dyas and WHSmith.

Accommodation
Basement - 315 sq.ft.
Ground Floor - 1,367 sq.ft.
First Floor - 869 sq.ft.
Second Floor - 513 sq.ft.
Third Floor - 412 sq.ft
Total approx. internal area circa - 3,476 sq.ft.

EPC
Rating D

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.


  • Prime Town Centre Location
  • Currently Let at £41,000 per annum
  • Excellent Investment/Development Opportunity

Withdrawn Prior


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