For Sale By Auction | 2.30pm, 13 March 2025 | Lot 17

143 Montague Street, Worthing, West Sussex, BN11 3BX

*Guide | £300,000 (plus fees)

  • Mixed Use
  • 2 Bedrooms

Call the team on 01273 201989 for more information

Auction Date

Thu 13/03/2025

Auction Time

2.30pm

Auction Venue

Live Stream

Freehold Mixed Investment Consisting Of A Ground Floor Commercial Unit And Self Contained 2 Bedroom Maisonette Producing £31,200 PA

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 self contained 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 - 97 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 Rent First and second floor maisonette - let on an assured shorthold agreement from 1st January 2025 for 12 months, at a rent of £1,600 pcm. The ground floor commercial unit is let on a 20 year lease from the 29th June 2017, at £12,000 pa and then as revised pursuant to the lease and any interim rent determined under the LTA 1954. Rent review every 5th anniversary of the lease. Effective full repairing and insuring terms. Council Tax - 143B Montague Street - Band B EPC Rating - 143 - B; 143B Maisonette - D

Lot Type

Mixed Use

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.