37-39 Marine Parade, Worthing, West Sussex
Investment
For Sale £2,500,000 Guide Price
Size 765 Sq M ( 8234 Sq Ft)
  • 17x Flats Let on AST
  • Potential Break Up
  • Prime Position
Property Description
A substantial commercial & residential investment comprising of a ground floor commercial premises & 17 self contained flats overlooking Worthing seafront and pier. The property was converted from a former hotel in 2003 and has recently undergone external refurbishment. All 17 flats are fully let on AST agreements producing an income of £131,580 per annum. The ground floor is let on an FR&I lease to a Bar and produces a further £42,750 Per Annum. The flats are accessed via a main entrance at the front of Marine Parade (to the left of the ground floor Bar). The property comprises ground, first, second and third floors, with at least 6 of the flats having excellent sea views.
Agent Details
Richard Lowrey
01273-037194