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    Key features

    • Comprising of a double fronted retail unit at ground floor (Let) and Vacant offices at first floor
    • Ground floor let on a 15 year lease from 2021 (approx. 11.5 years unexpired)
    • Development potential to convert the upper floors into 2 dwellings (subject to the requisite consents)
    • Asset management potential to let out the vacant offices in there current use
    • Investment let at £29,000 p.a. Part vacant (12% GIY on guide)

    Description

    A two storey mid terrace property comprising of a double fronted retail unit at ground floor and vacant office at first floor. There is further development potential to convert the upper floors into 2 dwellings and proposed plans had previously been created that would allow 1 x two bedroom flat (an approx. 61.2sqm) and 1 x studio (an approx. 39.3 sqm) to be built. (subject to the requisite consents)

    Nearby Occupiers include TK Maxx, HMV, McDonald’s, Nando's, Lloyds Bank and NatWest as a well as a wide range of local and independent operators

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Please Note that the upper floors measurement are an approx. figure based on the ground floor plate and have not been verified or confirmed by Savills

    Tenancy

    Please refer to Accommodation and Tenancy schedule

    Planning

    1-2 Liverpool Buildings obtained prior approval for conversion to residential use (reference: NOTICE/0001/20) and the provision of 1 x one bedroom flat and 1 x studio.


    Plans have been drawn up for a similar conversion of the upper parts of the subject property and it is anticpated 1 x two bedroom flat (approx. 61.2 sq m) and 1 x studio flat (39.3 sq m) could be provided.

    Rent

    £29,000 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

    Please Note VAT may be applicable on the sale of this property (Please refer to the legal pack)

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property is situated on the South side of Liverpool Road close to its junction with Chapel Road and South Street

      Worthing is a popular seaside town located on the south coast 11 miles west of Brighton and 18 miles east of Chichester

      Worthing Station located an approx. 0.7 miles from the property

      Transport

      Worthing Station - National Rail services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums