Tesco Express, Worthing
Dominion Road, Worthing, West Sussex, BN14 8LBBasic Facts
| Property ID: 4335 | Post Updated: 2019-06-24 10:41:34 |
| Status: Managed | Type: Supermarket |
| Tenure: Freehold | Gross Rent: £ 50,000 |
| Lease Term: 20 years from Dec '13 | VAT applicable: Yes |
Property Description
- Freehold blue-chip, supermarket investment
- The property is arranged over the ground and first floor to provide a retail unit with ancillary accommodation
- The property was recently converted from a pub and benefits from 8 customer car parking spaces
Location Description
- Worthing is a large seaside town with borough status in West Sussex.
- The town has an estimated population of 104,600 and it is situated 10 miles west of Brighton.
- The property is located on Dominion Road (B223) in a predominantly residential area.
- Nearby occupiers include Wickes, Post Office, Londis and Alf’s Motorcycles.
Additional Notes
- The vacant upper floor has planning permission to be extended and converted into 3 flats with self-contained access. The total square footage of the flats would be 2,168 sq. ft. arranged as 2 x 1-bed and 1 x 2-bed, with a further 370 sq. ft. of roof terrace space
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
Large plot
Lease term > 15 years
Minimum Rental Uplifts
Residential element
Reversionary Opportunity
