5-9 Liverpool Gdns - Office FOR SALE


Worthing, WSX BN11 1RY
$2,750,000 USD
5-9 Liverpool Gdns, Worthing, WSX for Sale
$2,750,000 USD
Office - FOR SALE
1/5
null | 9.41% Cap Rate

5-9 Liverpool Gdns
Worthing, WSX BN11 1RY


HIGHLIGHTS

  • Prominent location
  • Parking spaces
  • Secure entry phone system

OVERVIEW

The property is available freehold subject to the below mentioned tenancies. The ground floor is let to NHS Property Services Limited on an effective FR&I Lease for a term of 10 years from 22nd February 2017. The Lease contains no further break clauses or rent reviews and the passing rent is £52,200 Per Annum exclusive. The first floor is let to Bluecrest Health Screening Limited on an effective FR&I Lease for a term of 10 years from 28th April 2017. The Lease contains no further break clauses or rent reviews and the passing rent is £63,600 Per Annum exclusive. The second floor is let to Smartestenergy Business Limited (guaranteed by Smartestenergy Ltd) on an effective FR&I Lease for a term of 10 years from 25th November 2022. There is a Tenant only break clause and an upward only rent review due 25th November 2027. The passing rent is £71,550 Per Annum exclusive. The third floor is let to Smartestenergy Business Limited (guaranteed by Smartestenergy Ltd) on an effective FR&I Lease for a term of 10 years from 25th November 2022. There is a Tenant only break clause and an upward only rent review due 25th November 2027. The passing rent is £71,550 Per Annum exclusive. The total current income from the building is £258,900 Per Annum exclusive.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

9.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgeworth House

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

-

APN/PARCEL ID

WSX195480,WSX389562,WSX391318,WSX393657,WSX436851,WSX436852

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