New Broadway, Worthing, BN11 4HS

DESCRIPTION Situated on popular New Broadway shopping parade in West Worthing, this two storey building is made up of a first floor flat, which is sold off, but benefits from annual ground rent. The ground floor premises is currently let to an established business and producing a rental income of £8000 per annum, exclusive with possible vacant possession offered. 

In our opinion, we believe the rent could be increased to circa. £10,000 per annum, exclusive.  

AGENTS DISCLAIMER N.B. Under the Estate Agents Act 1979, we advise that the vendor is a director of Jacobs Steel and Company Limited.

TENURE Freehold 

LOCATION The property located along Tarring Road which offers a variety of shops. Worthing town centre with its comprehensive shopping amenities, restaurants, pubs, cinemas, theatres and leisure facility's is approximately 1 mile away. The nearest main line station is West Worthing which is approximately 0.3 miles away and bus services run nearby.

PRICE Offers are invited in the region of £125,000 for the freehold interest.

EPC The property has an EPC rating of C - 74.

VAT We are informed that VAT is not applicable on the terms quoted.

USE We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

LEGAL FEES Each party is responsible for their own legal fees in this transaction.

VIEWING Strictly by appointment with Sole Agents, Jacobs Steel.

BUSINESS RATES The rateable value from April 2023 provided by the Valuation Office Agency is £7600. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £3579.60. However, since the premises have a rateable value of lower than £12,000, occupiers can expect to benefit from 100% rate relief, subject to status.

AGENTS DISCLAIMER N.B. Under the Estate Agents Act 1979, we advise that the vendor is a director of Jacobs Steel and Company Limited.