A rare and interesting opportunity to acquire the freehold of 16 units over two floors, arranged as garages, workshops and stores, and situated around a central courtyard accessed via a service road. The property has planning consent to demolish and erect six residential units.
The buildings are situated between Norfolk Street and Clifton Road, directly opposite Victoria Park, with easy access to the comprehensive shopping facilities and amenities of Worthing town centre. There are excellent road links to Brighton, London and all surrounding areas via the nearby A259 and A27.
We are advised that the units are part-let on informal Licence Agreements producing just under £17,000 per annum, with the potential to generate an annual income once fully let of approximately £35,000.
Proposed Accommodation
Ground Floor - Front
Flat 1
Living room with incorporated kitchen, bedroom and bathroom/W.C.
Flat 2
Living room with incorporated kitchen, bedroom and bathroom/W.C.
Ground Floor - Rear
Flat 3
Living room with incorporated kitchen. Bedroom 1 with en-suite bathroom/W.C. Bedroom 2 with en-suite shower room/W.C.
Flat 4
Living room with incorporated kitchen. Bedroom 1 with en-suite bathroom/W.C. Bedroom 2 with en-suite shower room/W.C.
First Floor - Front
Flat 5
Living room with incorporated kitchen. Bedroom and bathroom/W.C.
First Floor - Front
Flat 6
Living room with incorporated kitchen. Bedroom and bathroom/W.C.
Outside
All of the units have shared outdoor amenity space.
Planning
Planning Permission has been granted by Adur & Worthing Councils, under reference AWDM/0550/21, dated 16th December 2021, for the demolition of existing storage buildings. Construction of replacement building comprising 4no. one-bedroom flats and 2no. two-bedroom flats, bin and bike storage and associated landscaping, subject to conditions.
A copy of the Planning Permission and accompanying documents will be available to download from the Local Planning Authority website.
Local Planning Authority
Adur & Worthing Council. Tel: 01903 221065. Website: adur-worthing.gov.uk.
Viewing
External only.
Site Measurements
The area extends to 0.05 hectares (0.12 acres).