Sold Prior | Lot 15

6 Station Parade, Tarring Road, Worthing, BN11 4SS

Sold Prior

  • Mixed Use
  • 3 Bedrooms

Call the team on 01273 201989 for more information

Auction Date

Thu 21/11/2024

Auction Time

2.30pm

Auction Venue

Live Stream

Unbroken Freehold - Mixed Investment Property Producing £36,900 Per Annum

The building forms part of a terrace on the south side of Station Parade. This 2-storey building comprises, a commercial unit, storeroom and staff toilet on the ground floor. To the rear of the building is a self contained 1 bedroom ground floor flat with private entrance. Over the first floor are 2 x 1 bedroom self contained flats. In addition the property has a storeroom to the rear, which is accessed via Tarring Road. Situation Located at 6 Station Parade adjacent to multiple shops & local amenities, on the south side of Tarring Road. The property is perfectly situated opposite West Worthing Station - with direct routes to London Victoria. Worthing Town Centre is approximately a mile from the property, offering a comprehensive range of shops, restaurants and leisure facilities. Location Pin (What3Words): cheese.loyal.patio https://w3w.co/cheese.loyal.patio 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 Council Tax Flat 1 & 2, 6a - Band A EPC Rating Commercial Unit - C Flat 2, 6a - D

Lot Type

Mixed Commercial/Residential Investment

Accommodation

Accommodation Commercial Unit/Storeroom/Toilet - Total Floor Area - 52 sq.m. Flat 1, 6b - Total Floor Area - 34 sq.m - Flat 1, 6a - Total Floor Area - 43 sq.m (Auctioneers have been unable to inspect) Flat 2, 6a - Total Floor Area - 35 sq.m Storeroom - (Auctioneers have been unable to inspect) Rateable Value £6,900 Tenure - Freehold Rents Flat 1, 6B - £800pcm Flat 1, 6A - £725pcm Flat 2, 6A - £800pcm Commercial - £750pcm Tenancies Commercial Unit - Let on a 1 year license from 19th February, 2024, at a rent of £9000 pa Flat 1 6b - TBC Flat 1 6a - Let on an Assured Shorthold Agreement from 28th February 2020 for 6 months, expiring on 29th August 2020 at a rent of £8700 pa - tenant holding over under a monthly contractual periodic Flat 2 6a - Let on an Assured Shorthold Agreement from 28th November 2023 for 1

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.