Lot 78: COMMERCIAL INVESTMENT OPPORTUNITY

Sold Prior

Situated close to Worthing town centre in this predominantly residential location being just off Norfolk Street close to its junction with Cobden Road.

This is an exciting opportunity to acquire the freehold of 13 lock up garages and workshops situated around a central courtyard accessed via a service road. We are advised that all of the units are currently let on informal license agreements producing a gross income of £28,020 per annum.

Tenancies

Units 1,2,3,4,8,9&14 are all single lock up garages.
Joinery firm occupies units 5-7 and 13 as workshops. They also occupy unit 8 as an office space and units 11-12 as storage.
Units 15-16 are let to a motor mechanics.
Unit 10 is let to a building company as a storage facility.
The first floor unit above 1-4 is an office/store.

The central courtyard is shared by all of the tenants and there is also a shared W.C.

Commercial EPC: TBC