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Lot 8

Freehold Retail/Residential/Office Investment – Gross Yield 10.1%
In the same family ownership for over 25 years
6 week completion

SITUATION

Located on the main A259 at the busy junction with Mulberry Lane, close to the Sea Front in this sought after residential suburb only 21/2 miles west of Worthing, within an established shopping centre amongst such multiples as Sainsbury’s Local, KFC, Medivet, Post Office, Domino’s and a host of local traders.
Worthing is a popular coastal resort town as well as being a commercial centre, only 11 miles west of Brighton and enjoying excellent road links with the A27.

PROPERTY

An attractive mid terraced building comprising a Ground Floor Double Shop (Nos. 319/321) with separate front & rear access (left side) to a Large Self-Contained Flat (No. 317) on two upper floors, plus a further separate front & rear access (right side) to Self-Contained Offices (No. 323).
There is a rear service road allowing vehicular access for unloading together with lay-by parking at the front.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: There is potential to convert the Offices (No. 323) into a Self-Contained Flat, subject to obtaining possession and the necessary consents.

Note 2: The Flat (No. 317) has been well-maintained and has gas central heating and uPVC windows throughout plus a first floor roof terrace.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

317/323 Goring Road, Goring-by-Sea, Worthing, West Sussex BN12 4NX