Montague Street, Worthing
Sold STC
A freehold mixed-use investment comprising a shop with 2 bedroom flat above, then an additional 1 bedroom, two storey house in Amo Mews, which is accessed by it's own front door at the rear of the building. The property is let and producing £28,490pa. Montague Street is a busy shopping thoroughfare, 0.1 miles from Worthing seafront and 0.6 miles from Worthing railway station.
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01273 917915
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£465,000
Offers In Excess Of
A freehold mixed-use investment comprising a shop with 2 bedroom flat above, then an additional 1 bedroom, two storey house in Amo Mews, which is accessed by it's own front door at the rear of the building. The property is let and producing £28,490pa. Montague Street is a busy shopping thoroughfare...
£465,000
At a glance
- Popular High Street Location
- Freehold Investment
- Shop and 2 residential units
- Income £28,490 per annum
Property Features
- Popular High Street Location
- Freehold Investment
- Shop and 2 residential units
- Income £28,490 per annum
Property Summary
Full Details
A freehold mixed-use investment comprising a shop with 2 bedroom flat above, then an additional 1 bedroom, two storey house in Amo Mews, which is accessed by it's own front door at the rear of the building. The property is let and producing £28,490pa. Montague Street is a busy shopping thoroughfare, 0.1 miles from Worthing seafront and 0.6 miles from Worthing railway station.
The shop is let on a lease expiring 27th August 2023 at a rent of £9,950pa, outside Sections 24 to 28 of the Landlord & Tenant Act 1954.
The flat at 130a Montague Street is let on an AST at £750pcm (£9,000pa) with the tenant holding over from their original tenancy.
The house at 8 Amo Mews, which is accessed by it's own front door at the rear of the building, is let on an AST at £795pcm (£9,540pa) on a fixed-term expiring 2nd October 2021. The house has it's own private front garden.
