Shelley Road, Worthing, BN11 4DD

DESCRIPTION An imposing detached two storey building situated on a substantial plot of just over 0.51 acres, benefiting from off-road parking, dual entrances from both Shelley Road and Southey Road and wrap around garden.

The main building has been converted from an original large, detached residence and then significantly extended in the late 1970’s, and although they been upgraded over the years, it still boasts period features. The original building has solid masonry rendered and painted walls beneath pitched and hipped roofs.

The building was extended in 1978, and a large, asphalt-covered flat roof addition was constructed at the west end of the main building and south-west corner.

Comprising 29 studio flats with a kitchenette and bathroom, and 3 larger flats with separate bedrooms and living room divided between two intercommunicating blocks. The property also has an assisted bathroom, on-site laundry facilities, detached electric scooter storage and 24-hour call alarm system.

The east block is arranged over ground and one upper floor, and the west block is arranged over ground and two upper floors. Each block has independent access and serviced by a lift in addition to two stairwells.

A parking area is to the north-east of the site and communal garden to the south.

The property is sold with vacant possession but was formerly sheltered accommodation and therefore, the property is currently C3 use, however could suit a variety of different uses (STNC). And in our opinion, the building has the potential to be converted into larger private apartments, children's nursery, medical practice or redevelopment (STP).

LOCATION Situated in a sought after position in the heart of Worthing town centre, the property is within walking distance of the seafront & town centre, with its comprehensive shopping amenities, restaurants, pubs, cinemas, theatres and leisure facilities. The nearest station is Worthing mainline station which is approximately 0.8m away with bus services running nearby.

PRICE Guide Price of £2,500,000 for the freehold interest.

BIDDING PROCESS Our clients have instructed us to seek bids, by way of an informal tender, with a closing date of 12 noon on Friday 1st November 2024 (supporting documentation available upon request).

AML & PROOF OF FUNDS Both Conditional & Unconditional offers will be considered and interested parties are required to provide background evidence of how the purchase will be funded and provide a set timetable for a swift exchange of contracts and completion of purchase.

ID will be required as part of the AML regulations.

TENURE Freehold For Sale

EPC There are 32 EPC's, which can be supplied by request.

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

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

VIEWING ARRANGEMENTS Strictly by appointment with Sole Agents, Jacobs Steel.