Property description

LOCATION
The property is situated in Salvington Road, Worthing. Worthing is a popular coastal town and is an affluent thriving regional retail centre which has a population in excess of 100,000. Salvington Road is a mixed residential/retail road with various businesses including a Co-op convenience store and a post office.

DESCRIPTION
A long leasehold (999 years) investment property comprising of a retail unit and a two bedroom flat over. The  premises are run as an off licence/convenience store.  

The flat is very well presented and comprises of two bedrooms, living room, internal dining hall, kitchen and  bathroom. The flat has gas central heating and is double glazed. It has separate access to the rear of the building.

LETTINGS
The shop unit is let on a 20 year lease from 24.02.10 expiring 23.02.30. Upwards only rent reviews every 5 years with the next rent review in 2020. No break options.  Passing rent of £7,000per annum.

The flat is let on an AST producing an annual rent of £7,800. The existing tenant is the same as the shop below.  

The total of rental income £14,800 per annum

VAT - No VAT payable on the purchase price

Agents Note: Under the Estate Agents Act 1979 it is hereby declared that the owner of the property is connected to Sawyers Estate Agents