The Coffee House, 3 Liverpool Buildings, Liverpool Road, Worthing | Property for sale | Savills
Guide price £240,000($508,083)

The Coffee House3 Liverpool Buildings, Liverpool Road, Worthing

  • New
  • Sole agency
  • Freehold
Investment
Yield 12%Yield

Key features

  • Double fronted retail unit at ground floor (Let) and Vacant offices at 1st floor
  • Development potential to convert the upper floors into 2 dwellings.
  • Investment let at £29,000 p.a. Part vacant (12% GIY on guide)
  • Ground floor let on a 15 year lease from 2021 (approx. 11.5 years unexpired)
  • Asset management potential to let out the vacant offices in there current use

A a double fronted retail unit at ground floor (Let) and vacant office at first floor with development potential to convert into 2 x dwellings.

About this property

  • A two storey mid terrace property comprising of a double fronted retail unit at ground floor and vacant office at first floor. There is further development potential to convert the upper floors into 2 dwellings and proposed plans had previously been created that would allow 1 x one bedroom flat (an approx. 61.2sqm) and 1 x studio (an approx. 39.3 sqm) to be built. (subject to the requisite consents) Nearby Occupiers include TK Maxx, HMV, McDonald’s, Nando's, Lloyds Bank and NatWest as a well as a wide range of local and independent operators