32 Goring Rd 715 SF Retail Building Worthing BN12 4AD $414,126 CAD ($579.20 CAD/SF)

A rare opportunity to acquire the freehold interest if a mixed use investment property prominently situated within the well established Goring Road shopping parade in Goring-by-Sea, one of Worthing’s most sought after suburban districts.
The property compromises of a ground floor barber / hairdressers let on a commercial lease together with a self contained residential flat sold on a long lease arranged over the first and second floors.
The property is to be sold by Private Treaty.
The property occupies a highly visible position within a busy neighbourhood retail parade serving the surrounding residential catchment, with a mix of national, regional and independent occupiers nearby. Goring Road is recognised as one of Worthing’s principal local shopping destinations, providing a wide range of retail, café, restaurants and service users. The property is situated on Goring Road, approximately two miles west pf Worthing town centre, within the popular coastal suburb of Goring-by-Sea. The area benefits from excellent local amenities, strong residential demand and convenient access to the A259 coast road, local bus routes and Goring-by-Sea railway station.
The ground floor unit is let on a commercial lease for a term of 10 years from the 10th April 2022 expiring on the 9th April 2032 to include a rent review and tenant break clause on the 10th April 2027. The current rent is £14,000 pa exclusive. A guarantor and rent deposit are in place.