For Sale By Auction | 2.30pm, 25 April 2024 | Lot 5

139-141 Montague Street, Worthing, BN11 3BX

*Guide | £450,000 (plus fees)

  • Mixed Use
  • 4 Bedrooms

Call the team on 01273 201989 for more information

Auction Date

Thu 25/04/2024

Auction Time


Auction Venue

Live Stream

Freehold Mixed Investment Consisting Of 2 x 2-Bedroom Maisonettes And 2 x Commercial Units.

The building forms part of a terrace on the south side of Montague Street. This three storey building comprises of 2 x ground floor commercial units - both units are currently let as a restaurant. Over the first and second floors are 2 x self contained 2 bedroom maisonettes, which are both accessed via the rear of the property. 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): <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 Tenure - Freehold Rent 139a - Vacant - Improvement notice has been served. 141a - Let on an Assured Shorthold Agreement at approximately £1,300pcm (£15,600pa) from 1st April 2023 for a term of 12 months. Commercial - At an initial rate of £13,500pa and then as revised pursuant to this lease for a term of 20 years beginning on and including the date of 8th February 2024 and ending on, the 7th February 2044; with break clauses on the 8th February 2029, 8th February 2034 and the 8th February 2039.

Lot Type

Mixed commercial/residential Investment


139a Total Floor Area - 76.54 sq.m. 141a Total Floor Area - 76.11 sq.m. Commercial Unit Total Floor Area - 81 sq.m. Rateable Value - £14,250 Council Tax 139a - Band A 141 - Band B EPC Rating 139a - D 141a - D Commercial Unit - B

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

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.