145-147 Tarring Road, Worthing, West Sussex, BN11 4HE
4,026 Sq Ft
£800,000
Property Features
- Comprising a large ground floor commercial premises, 2 bedroom flat and 4 bedroom house
- Income Producing with Potential Uplift
- Forecourt Parking
- Potential to Develop the Rear (STNC)
Property Summary
This substantial mixed-use freehold property is situated in a prominent position along the popular Tarring Road in Worthing. It comprises a ground floor commercial premises, a self-contained two-bedroom flat, and a spacious four-bedroom house. The residential properties are fully let, generating immediate income, while the commercial premises is owner occupied and will be offered with vacant possession.
The ground floor commercial unit features a double-fronted shopfront with a recessed entrance, air conditioning, LED lighting, and skylights that enhance the natural light throughout. Internally, the layout includes open plan area to the front with the addition of two partitioned offices, a large rear storage area, and a first-floor workshop space. Additional benefits include a WC and self-contained side access.
Above the commercial premises is a self-contained two-bedroom flat, currently let at £950 per calendar month. Accessed independently, the flat is well presented and offers secure, long-term rental income, with scope for uplift through refurbishment or rental review.
Adjoining the commercial site is a generously proportioned four-bedroom house with rear garden, currently let at £1,250 per calendar month. The accommodation includes gas central heating, a split-level first floor, a family bathroom with a separate shower cubicle, a separate WC, and large bay windows that provide excellent natural light. There is clear potential to convert the house into two separate flats, subject to planning, which could increase rental income and appeal to a broader range of tenants.
Additionally, the rear of the site offers possible scope for further development. Subject to obtaining planning consent, this could present an opportunity to construct additional units or extend the existing structure, making this an attractive prospect for developers seeking to unlock further value.
The current total rental income stands at £2,200 per calendar month (£26,400 per annum), with clear potential for uplift. Given the strong local demand for both residential and commercial properties, and the property's excellent location, this is a rare opportunity to acquire a high-yielding asset with added development upside.
The ground floor commercial unit features a double-fronted shopfront with a recessed entrance, air conditioning, LED lighting, and skylights that enhance the natural light throughout. Internally, the layout includes open plan area to the front with the addition of two partitioned offices, a large rear storage area, and a first-floor workshop space. Additional benefits include a WC and self-contained side access.
Above the commercial premises is a self-contained two-bedroom flat, currently let at £950 per calendar month. Accessed independently, the flat is well presented and offers secure, long-term rental income, with scope for uplift through refurbishment or rental review.
Adjoining the commercial site is a generously proportioned four-bedroom house with rear garden, currently let at £1,250 per calendar month. The accommodation includes gas central heating, a split-level first floor, a family bathroom with a separate shower cubicle, a separate WC, and large bay windows that provide excellent natural light. There is clear potential to convert the house into two separate flats, subject to planning, which could increase rental income and appeal to a broader range of tenants.
Additionally, the rear of the site offers possible scope for further development. Subject to obtaining planning consent, this could present an opportunity to construct additional units or extend the existing structure, making this an attractive prospect for developers seeking to unlock further value.
The current total rental income stands at £2,200 per calendar month (£26,400 per annum), with clear potential for uplift. Given the strong local demand for both residential and commercial properties, and the property's excellent location, this is a rare opportunity to acquire a high-yielding asset with added development upside.