BN11 38-42 Portland Road, Worthing

A rare opportunity to acquire the freehold of a substantial town centre three storey building.

The property which is well positioned in the centre of the town just off Montague Street comprises of a versatile Class E ground floor commercial premises with the first and second floors providing 8 self contained residential flats which have been sold off on long leases.

The ground floor has recently been let to an international supermarket who have completely re-fitted the premises to include non-slip flooring, LED strip lighting, air conditioning (not tested), ample electrical points, CCTV (not tested) and superb triple fronted double glazed window frontage.

This is seen as an excellent asset management opportunity and viewing is therefore highly recommended.

The premises are situated on the east side of Portland Road, a short distance from Montague Street, Worthing's prime pedestrianised thoroughfare. The main retailers include Boots, Superdrug, Marks & Spencer and Poundland are all nearby. Portland Road has an attractive mix of retail, bars, restaurants and coffee shops and has recently received substantial local authority capital investments. It has become an attractive pedestrian-friendly location with new street paving, landscaping and planting plus extensive seating.

The subject premises adjoin Guild Care, and are close to the Efes Turkish Restaurant, Cucinetta Bistro, the Montague Gallery, the Libertine Bar and other coffee and retail outlets.

Superb Asset Management Opportunity in Heart of Worthing Town Centre

Nearby Occupiers Include Marks & Spencer, Boots, Superdrug, Saltrock, JD Sports & H&M

Net Initial Yield of 8%

Ground Floor Let to Supermarket on 15 Year

Lease From November 2024. Superbly Fitted Out