15 South St 6,793 SF Retail Building Worthing BN11 3AP $2,829,342 CAD ($416.51 CAD/SF)

Worthing with a population of 100,000 is a popular seaside town located in between the city of Brighton (13 miles East) and the cathedral city of Chichester (18 miles West) on the South coast of England. Worthing is famed for its pier and promenade and both are situated close to the subject property, which is located on the corner of Montague Street and South Street in the heart of the town centre. Montague Street is known for its choice of national and independent retailers with a number of bars and restaurants a short walk away in nearby Marine Parade and Warwick Street. Worthing mainline railway station with its services along the South coast and North to London (journey time of 1hr and 30 minutes) is located 1 mile to the North of the property which also sits on a major bus route.
Justice and Co are delighted to offer to the market this prestigious four storey, town centre, building which for over three decades has provided retail accommodation on ground and first floor with ancillary accommodation on the second and third floors.
Currently occupied by T G Jones, the property provides ground floor open plan sales area to include the towns only Post Office with internal stairs leading to further open plan retail accommodation. The remaining first, second and third floors provide ancillary accommodation which includes offices, staff breakout area, kitchen area, storage and WC’s.
The property has rear access into a ground floor warehouse area for deliveries via the Montague Centre. The property further benefits from sweeping single glazed glass frontage, 3 phase electricity, separate water and gas connections and is presented in good condition giving the age of the property. This is seen as a rare opportunity to acquire a substantial town centre Freehold with superb asset management potential and viewing is therefore highly recommended.
The property is available freehold subject to the occupational tenancy to T G Jones Retail Holdings LTD which expires 22nd March 2030 at a current passing rent of £80,000 per annum. A copy of the lease is available to serious applicants upon request.
Legal Costs – Each Party To Pay Their Own.