For Sale By Auction | 2.30pm, 25 January 2024 | Lot 12

14 Crescent Road, Worthing, BN11 1RL

Sold

  • Mixed Use
  • 3 Bedrooms

Call the team on 01273 201989 for more information

Auction Date

Thu 25/01/2024

Auction Time

2.30pm

Auction Venue

Live Stream

Freehold Mixed Investment Arranged Over 4 Storey's in Central Worthing

This freehold investment comprises a vacant restaurant on the ground floor, with kitchen, wc's and store room to the rear. To the first floor is a non self contained 1 bedroom flat. Over the second and third floor is a 2 bedroom maisonette. There is potential to convert the non-self-contained first floor flat into a 1-bedroom self-contained flat subject to necessary consents. Interested parties must rely on their own enquiries. Situation The property is within close proximity of both Worthing Seafront and Worthing Town Centre, with it’s variety of shops, restaurants and general amenities. The A259 provides direct access to Brighton to the East and Chichester to the West - Worthing mainline station is within a mile of the property, providing direct links to London Victoria. Location Pin (What3Words): stand.ledge.sweat https://w3w.co/stand.ledge.sweat NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure Freehold Tenancy We have been informed by the owner, that the property is let on an Assured Shorthold Agreement at approximately £10,500 p.a. We have not had sight of the AST agreement but understand a copy is to be uploaded to the legal pack. Rent Restaurant - Vacant First Floor Flat - Vacant Top Floor Maisonette - £10,500pa

Lot Type

Mixed commercial/residential Investment

Accommodation

RESTAURANT Total Floor Area - 85 sq.m. FIRST FLOOR FLAT Total Floor Area - 51 sq.m. TOP FLOOR MAISONETTE Total Floor Area - 85 sq.m. Rateable Value - £4,900 Council Tax First Floor Flat - Band A Top Floor Flat - Band A EPC Rating Restaurant - C Top Floor Flat - D

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.