Freehold Mixed Use Investment Consisting Of Ground Floor Commercial Unit With Rear Yard And 2 x 1 Bedroom Flats Producing £24,792 pa

Freehold mid terrace property in Chapel Road, Worthing. This three storey building comprises of a ground floor commercial unit with rear yard, currently trading as a café, and two self contained one bedroom flats arranged over first and second floors. Situation The building forms part of a terrace on the west side of Chapel Road and close to the junction of Teville Road. The property is surrounded by a number of independent operators and is within close proximity to Worthing seafront and mainline station which provides direct links to London Victoria. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY Tenure - Freehold Tenancy First Floor Flat -Let on an Assured Shorthold Agreement for 6 months, from the 7th May 2024 at a rent of £825 pcm. The tenant is holding over. Second Floor Flat -Let on an Assured Shorthold Agreement for 6 months, from the 8th July 2022 at a rent of £700 pcm. The tenant is holding over. Commercial - Let on an Licence Agreement for 12 months from 13th September 2024 at a rent of approximately £541pcm. The tenant is holding over. Please review the legal pack for further information. Rateable Value - £4,650 Council Tax - First Floor & Second Floor Flat - A colour="2,100,85,6">EPC Rating - First Floor Flat & Second Floor Flat - C / Commercial - C

No Additional Fees

False

Lot Type

Mixed Commercial/Residential Investment

Accommodation

Accommodation Commercial Ground Floor Retail - 22.6 sq m. Ground Floor Rear - 5.3 sq m. W/C Rear Yard First Floor Flat - 38 sq m (taken from EPC). The Auctioneers have not been able to access or inspect the flat. Second Floor Flat - Living Room / Kitchen - 3.4m max x 4.8m max. Bedroom - 2.2m max x 3.2m max Shower Room with W/C - 2.3m max x 0.6m max Commercial - 27.9 sq m. First Floor Flat - 38 sq m (taken from EPC). Second Floor Flat 24.6sq m. Total Floor Area - 90.5 sq m.

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.