Freehold Mixed Investment Consisting Of A Ground Floor Commercial Unit And Self Contained 2 Bedroom Flat Total Income £23,600 PA

The building forms part of a terrace on the east side of Broadwater Road. This two storey building comprises of a ground floor commercial unit - currently let as hot food and takeaway. Over the first floor is a self contained 2 bedroom flat. Situation Located on Broadwater Road adjacent to multiple shops & local amenities, The property is situated within walking distance of Worthing Station - with direct routes to London Victoria. Worthing Town Centre is less than a mile away from the property, offering a comprehensive range of shops, restaurants and leisure facilities. Location Pin (What3Words): birds.brand.waving https://w3w.co/birds.brand.waving <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 Tenancies 60 Broadwater Road - The ground floor commercial unit is let on a 20 year lease from the 4th September 2020, at £14,000 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. 62 Broadwater Road - Let on an Assured Shorthold Agreement for 6 months from 9th March 2015 at a rent of £800pcm, tenant holding over rent hasn't been reviewed since 2015.

Lot Type

Freehold Mixed Commercial / Residential Investment

Accommodation

Living Room - 3.9 x 3.2 Kitchen - 2.5 x 2.1 Bedroom 1 - 3.8 x 3.1 Bedroom 2 - 2.2 x 2.2 Total Floor Area - 55 sq.m. Commercial unit Total Floor Area - 76 sq.m. Rateable Value - £7,300 Council Tax 62 - Band A EPC Rating 60 (Commercial) - TBC 62- TBC

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.