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): jump.sends.search https://w3w.co/jump.sends.search <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

Accommodation

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

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.