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16-22 Grafton Rd 10,887 sq ft Office Property Worthing BN11 1QP £1,365,000 (£125.38/sq ft) 10.02% Net Initial Yield
Investment Highlights
- Prominent location
- Close to local amenities
- Potential for residential conversion, vertical extension and ground floor residential infill
Executive Summary
Freehold detached 4 storey office extending to 10,887 sq ft, generating £145,000 per annum on a new 10 year lease from June 2026. Tenant has been in occupation for over 20 years and has further committed with a reversionary lease from 2026 to 2036
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
10,887 sq ft
Costar Property Class
B
Year Built
1965
Price
£1,365,000
Price per sq ft
£125.38
Yield
10.02%
NOI
£136,773
Tenancy
Single
Number of Floors
4
Typical Floor Size
2,722 sq ft
Plot ratio
1.27
Total Plot Size
0.20 ac
Parking
24 Spaces (2.2 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
- Recessed Lighting
- Air Conditioning
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16-22 Grafton Rd
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