Home > Auctions > 14 July 2026 14 July 2026 - 9:00am > Lot 499

14 July 2026: Tuesday 14 July 2026 - 9:00am
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    Key features

    • Long Leasehold Substantial Mixed Use Town Centre investment
    • Comprising Shopping Centre, 6 storey Office Building and Residential (sold off) accommodation
    • Tenants include B&M Retail and Pembroke Financial Services
    • Arranged on prominent town centre island site
    • Nearby occupiers include Marks & Spencer, Waterstones and Costa Coffee amongst others
    • Opportunity to add value through reletting the vacant accommodation (33,912 sq ft)
    • VAT is not applicable
    • Data Room
    • Investment let at £738,365 p.a. (49.22% GIY on Guide Price)

    Description

    The Guildbourne Centre comprises a substantial and well‑established mixed‑use town‑centre scheme prominently positioned in Worthing, bounded by Ann Street and Chatsworth Road and immediately adjoining the town’s principal retail and commercial areas. The property includes a covered shopping centre providing approximately 20 ground‑floor retail units, arranged around an enclosed mall and anchored by larger format occupiers alongside a range of local and service‑led uses. Above the retail accommodation is a six‑storey office building with its own independent access, historically occupied by a single major tenant and capable of refurbishment or reconfiguration as required. In addition, the scheme incorporates residential accommodation arranged in two separate blocks above, creating a genuine mixed‑use environment. The property occupies a strategic position close to Montague Street, the seafront and Worthing railway station, and represents one of the town’s principal retail and office complexes by scale.

    Additional information

    Tenure

    Leasehold. Held for a term of 150 years from March 1972 at a ground rent of £230,572 p.a.

    Accommodation

    Total 12,261 sq m (133,677 sq ft)


    Please see the below Schedule of Accommodation and Tenancies

    Tenancy

    Please see the below Schedule of Accommodation and Tenancies

    Rent

    £738,365 per annum

    Notes

    Data Room


    Please click here to access the legal pack via the data room.


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    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.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        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.

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        Accommodation / Tenancy Schedule

        Local information

        The Guildbourne Centre is centrally located in Worthing town centre, fronting Ann Street and Chatsworth Road, immediately adjacent to North Street (A259), one of the town’s principal vehicular routes.

        The property lies a short walk from Montague Street, Worthing’s prime retail pitch, and within close proximity of the seafront. Worthing railway station is approximately 750 metres to the north, providing regular services to Brighton, London and the wider South Coast.

        Nearby occupiers and amenities include Marks & Spencer, Waterstones, Costa Coffee and Boston Tea Party, together with a range of restaurants and leisure uses along Warwick Street and Chapel Road, reinforcing the property’s position at the heart of the town’s commercial core.

        Transport

        Rail- Worthing Railway Station is approximately 750 metres from the property and provides regular services to Brighton, London Victoria and destinations along the South Coast.


        Road- The property is immediately accessible from Chatsworth Road and North Street (A259), providing direct east–west connectivity through Worthing and access to the wider regional road network.


        Bus - Numerous local and regional bus services operate along North Street, Chapel Road and Marine Parade, serving Worthing town centre and surrounding coastal locations.


        Parking - A number of public multi‑storey and surface car parks are located nearby, supporting town‑centre retail, office and leisure uses.


        Air - Gatwick Airport is accessible via direct rail services from Worthing, providing national and international connections.

        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.

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