Lot 3

FREEHOLD MIXED USE INVESTMENT

8 & 8A Bath Place, Worthing, West Sussex, BN11 3BA
Guide Price £275,000 – £295,000 * + Fees

Currently let at £24,400 per annum

Applicants may view the lot externally only

This attractive inner terraced bay-fronted period property is arranged over four floors as a retail unit with self-contained four bedroom maisonette above. It is situated in the heart of Worthing town centre in this busy pedestrianised thoroughfare just off the seafront adjacent to the seafront and the pier.

The building is on the west side of this busy trading location and is fully let at present producing an annual income of £24,400 from both units.

The comprehensive shopping facilities and amenities of the town centre are in the immediate vicinity with the mainline station and seafront easily accessible. Excellent road links to London, Brighton and all surrounding areas can be accessed via the nearby A259 and A27.

I Love Candy

Ground Floor

Retail unit with rear stores and cloakroom/W.C.

Tenancy

Let on a renewable annual license at a rental of £10,000 per annum. The present tenant has been trading from this premises for approximately 10 years.

Upper maisonette

Ground Floor

Separate street access to:

First Floor

Entrance hall, front and rear bedrooms, bathroom/W.C.

Second Floor

Inner hallway, living room, kitchen.

Third Floor

Landing, front and rear bedrooms, shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at £1,200 per calendar month.

8 & 8A Bath Place, Worthing, West Sussex
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Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/