1 – 6 Coronation Buildings Ham Road, Worthing BN11 2NN
Coronation Buildings, Brougham Rd, Worthing BN11 2NW, UKBasics
- Category: Retail
- Types: Barber, Cafe, Shopping parade
- Status: Active
- Lot size: 3854 sq ft
Description
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Description:
Description:
We are happy to bring to market a substantial unbroken parade of 7 shops occupying a prominent corner location. 5 of them are tenanted and the two vacant shops have an ERV of £12,000. The current rental income is £37,000 with the ERV being £49,000.
Unit SQM T/A Rent Unit 1 37.9 Golden Grill £ 8,000.00 Unit 2 41.34 Vacant Unit 3A 19.97 Agave £ 3,999.96 Unit 3B 21.09 Vacant Unit 4 41.34 Cheeky Smoke £ 8,500.00 Unit 5 38.65 Premier Express £ 8,500.00 Unit 6 31.59 Shiv's Barber £ 8,000.00 Total 358.88 £ 36,999.96 Key Features:
- Tenure – Long lease
- Substantial unbroken parade comprising 7 shops
- Premises totals 358.88 sqm / 3,854 sqf
- Current rental income of £36,999.96
- Total ERV of £49,000
Location:
Worthing is a popular seaside town located on the south coast, 12 miles west of Brighton. East Worthing Rail Station is within 550m of the property and provides regular services to London Victoria (fastest journey 1 hr 30 mins), Portsmouth and Brighton.
Occupiers close by include Ford, Nissan, Co-op Food and Jewsons amongst a variety of local operators in and otherwise mixed commercial and residential area.
Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.
