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Retail, Development - Residential, Land For Sale

56 Goring Road, Goring-By-Sea, Worthing, West Sussex, BN12 4AD

Shortlist +
2,076 sq ft (192.86 sq m)
£
For Sale - £370,000 Offers in excess of

Key Features

Worthing is an attractive costal town and the largest in West Sussex.
Whole building let to Mutual Services (Portsmouth) Limited, who form part of The Southern Co-operative.
Lease expiring 24th December 2026.
Potential to re-gear lease on ground floor commercial and sell off or let the residential upper parts.
Passing rent of £31,000 per annum exclusive.
Offers invited in excess of £370,000. A purchase at this level shows a net initial yield of 8.06%, after normal purchaser's costs.