Property Information
Address:
Unit 2 33-35 Montague Street, Worthing
, BN11 3BE
Price: Buy: POA
Size: 1766 sq ft164 sqm
Primary Category: Shop
All Categories:
Investment, Shop,
Property Ref/Movehut: MH689000
Property Ref/Agent: 5165
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 4, 2024
Property description
Unit 2 is a ground floor corner retail unit situated in a prime position on Montague Street at its junction of Montague Place.
The ground floor provides good open plan retailing space with frontage to Montague Street.
The whole building was formerly occupied by Woolworths.
Unit 1 (ground and first floors) is occupied by H&M.
At second floor level and above there is an exciting residential development currently being constructed.
Largest town in West Sussex
Montague Street is the main retailing thoroughfare of Worthing
Prime corner retail unit in Montague Street
Let to national multiple with a turnover of £371m
Recently renewed 5 year lease, tenant has been in occupation since 2012
OIEO £330,000 - a purchase at that level shows a net initial yield of 11%
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