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Investment, Development - Residential, Land For Sale

Marlin House, 16-22 Grafton Road, Worthing, West Sussex, BN11 1QP

Shortlist +
10,877 sq ft (1,010.47 sq m)
£
For Sale - £1,365,000 Offers in excess of

Key Features

Worthing is the largest town in West Sussex and expanding further with new residential developments
Worthing Council investing in town centre street scene and public realm
Freehold detached 4 storey office extending to 10,887 sq ft
Generating £145,000 per annum on a new 10 year lease from June 2026
Tenant has been in occupation for over 20 years and has further committed with a reversionary lease from 2026 to 2036
Historically the building has been let on a single FRI lease, there is flexibility in layout to let on a floor by floor basis
Tenant has undertaken refurbishment demonstrating commitment to the building
Potential for residential conversion, vertical extension and ground floor residential infill