26-27 Marine Parade
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26-27 Marine Parade
1,700 SF 100% Leased Retail Building Worthing BN11 3PT $3,623,158 CAD ($2,131 CAD/SF)
Investment Highlights
- Close proximity to local amenities
- Good transport links
- Good road links
Executive Summary
A substantial mixed commercial and residential investment for sale producing rental income of £108,160 per annum. There are three shops on the ground floor and eight flats on three upper floors. The property has the benefit of a front forecourt used by the retailers for car parking. At the back of the building there is a rear yard and alley access.
The ground floor comprises a retail unit occupied as a tattoo parlour, a lower ground floor retail space used as physiotherapy practice with the largest retail unit on the ground floor used as a fishing tackle shop.
Seven of the flats are self-contained. One is non self-contained having a bathroom approached across the landing. This part of the premises is licenced with the Worthing Borough Council as a house in multiple occupation.
The property is in a prominent location, situated on Worthing seafront overlooking Worthing Pier and in the town centre within walking distance of the main shopping areas of Montague Street and South Street. It is also within walking distance of a modern leisure complex, as well as cinema and other amenities.
The ground floor comprises a retail unit occupied as a tattoo parlour, a lower ground floor retail space used as physiotherapy practice with the largest retail unit on the ground floor used as a fishing tackle shop.
Seven of the flats are self-contained. One is non self-contained having a bathroom approached across the landing. This part of the premises is licenced with the Worthing Borough Council as a house in multiple occupation.
The property is in a prominent location, situated on Worthing seafront overlooking Worthing Pier and in the town centre within walking distance of the main shopping areas of Montague Street and South Street. It is also within walking distance of a modern leisure complex, as well as cinema and other amenities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,700 SF
Building Class
B
Year Built
1956
Price
$3,623,158 CAD
Price Per SF
$2,131 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.12 AC
Frontage
17 ft on Marine Parade
Amenities
- Energy Performance Rating - D
- Storage Space
1 of 1
Nearby Major Retailers
1 of 2
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26-27 Marine Parade
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