Freehold Mixed Investment Consisting Of A Ground Floor Commercial Unit And Vacant 2 Bedroom Maisonette

The building forms part of a terrace on the south side of Montague Street. This three storey building comprises of a ground floor commercial unit - currently let as hot food and takeaway. Over the first and second floors is a vacant 2 bedroom maisonette. Situation The property is situated in Worthing Town Centre and is surrounded by a variety of independent & commercial traders. Worthing seafront & mainline station are within walking distance of the property - providing direct links to London Victoria. Location Pin (What3Words): easy.scenes.casino https://w3w.co/easy.scenes.casino Accommodation 143a - 57 sq.m. (commercial) 143b - 39 sq.m. (residential) <NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Rateable Value - £10,750 Tenure - Freehold Tenancy 143a Montague Street is let on a 20 year lease - from 29th June 2017 with rent reviews dates on 29th June 2022, 29th June 2027 and 29th June 2032, with a break clause on every fifth anniversary of the lease. Current rent is £12,600pa. Rent At an initial rent of £12,000 per annum and then as revised pursuant to the lease and any interim rent determined under the LTA 1954. Effective full repairing and insuring terms. Council Tax - 143B Montague Street - Band B EPC Rating - 143 - TBC; 143B - F

Lot Type

Freehold mixed use - Vacant maisonette - commercial let

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.