Commercial Property in Findon West Sussex available for sale
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Commercial Properties for Sale near Findon, West Sussex, Findon

Commercial Properties for Sale Within 5 miles of the Findon, West Sussex, Findon

More details for Rowlands Rd, Worthing - Leisure for Sale

Buzz Bingo - Rowlands Rd

Worthing, BN11 3JS

  • Leisure for Sale
  • £3,500,000
  • 32,670 sq ft
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More details for 56 Teville Rd, Worthing - Retail for Sale

56 Teville Rd

Worthing, BN11 1UY

  • Retail for Sale
  • £950,000
  • 2,100 sq ft

Worthing Retail for Sale

Investment Consideration: Gross Initial Yield: 8.66% Rental Income: £82,240 p.a. VAT is NOT applicable to this property Comprises ground floor shop t/a pharmacy and 2 self-contained flats at first and second floor arranged as an HMOs Retail premises benefits from display frontage to both Teville Road and Victoria Road, with 2 parking spaces at rear Situated within 1-min walk from Worthing Train Station. Occupiers nearby include Tesco, Morrisons, Restaurants and more. Property Description: Comprises ground floor corner retail shop t/a pharmacy and 2 flats on first and second floor that have each been converted to provide four letting rooms, occupied as a house in multiple occupation (HMO). The retail premises benefits from display frontage to both Teville Road and Victoria Road with 2 car parking spaces at rear, providing the following accommodation and dimensions: Ground Floor Shop: 76 sq m (818 sq ft) Open plan retail, office, storage, kitchen, wc, parking First Floor Flat: 58 sq m (624 sq ft) 4 letting rooms (1 en-suite), kitchen/dining, shared bathroom Second Floor Flat: 61 sq m (657 sq ft) 4 letting rooms (1 en-suite), kitchen/dining, shared bathroom Total GIA: 195 sq m (2,099 sq ft) Tenancy: The Retail Shop is at present let to Paydens Limited for a term of 15 Years from 20th April 2012 at a current rent of £10,000 per annum and the lease contains full repairing and insuring covenants. ERV upon reversion £15,000 p.a. Flat 1 Room 1 is at present let on AST to an Individual for a term of 12 Months from 14th July 2023 at a current rent of £9,120 p.a. Flat 1 Room 2 is at present let on AST to an Individual for a term of 12 Months from 12th August 2023 at a current rent of £9,300 p.a.. Flat 1 Room 3 is at present let on AST to an Individual for a term of 12 Months from 25th August 2023 at a current rent of £9,120 p.a. Flat 1 Room 4 is at present let on AST to an Individual for a term of 12 Months from 17th July 2023 at a current rent of £9,300 p.a. Flat 2 Room 1 is at present let on AST to an Individual for a term of 12 Months from 7th August 2023 at a current rent of £8,340 p.a. Deposit held of £801. Flat 2 Room 2 is at present let on AST to an Individual for a term of 12 Months from 31st August 2023 at a current rent of £8,880 p.a. Flat 2 Room 3 is at present let on AST to an Individual for a term of 12 Months from 14th July 2023 at a current rent of £9,300 p.a. Flat 2 Room 4 is at present let on AST to an Individual for a term of 12 Months from 12th august 2023 at a current rent of £8,880 p.a. Location: Worthing is a seaside town and borough in West Sussex, 11 miles west of Brighton and 18 miles east of Chichester. The property is situated in the town centre, 1-min walk from Worthing Train Station, providing direct and regular services to London Victoria, Brighton, Portsmouth and Southsea. Retail occupiers within short walk include Morrisons supermarket, Tesco Express, Anytime fitness, Bakery and more.

Contact:

Blue Alpine Partners Ltd

Date on Market:

28/06/2024

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More details for 10 High St, Worthing - Retail for Sale

10 High St

Worthing, BN11 1NU

  • Retail for Sale
  • £1,150,000
  • 6,541 sq ft
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More details for 36-38 High St, Storrington - Retail for Sale

36-38 High St

Storrington, RH20 4DU

  • Retail for Sale
  • £380,000
  • 492 sq ft
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FAQs About Commercial Property For Sale in Findon West Sussex

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How many commercial properties are currently available for sale in Findon West Sussex?
There are currently 0 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in Findon West Sussex?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the Findon, West Sussex, Findon

Market Overview for Commercial Properties in Findon West Sussex

Key information for Commercial Properties investors in Findon West Sussex and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Storrington £306 10,246 sq ft
Worthing £185 6,377 sq ft
Hurstpierpoint £168 1,368 sq ft
Bolney £14 15,491 sq ft
Littlehampton £136 1,980 sq ft

Rental Price Trends in Findon West Sussex

The price per square foot range for Commercial Properties in Findon West Sussex and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Storrington £29 £306 £584
Worthing £81 £185 £341
Hurstpierpoint £132 £168 £204
Bolney £14 £14 £14
Littlehampton £109 £136 £153

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Findon West Sussex area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Storrington 492 sq ft 10,246 sq ft 20,000 sq ft
Worthing 723 sq ft 6,377 sq ft 32,670 sq ft
Hurstpierpoint 664 sq ft 1,368 sq ft 2,583 sq ft
Bolney 15,491 sq ft 15,491 sq ft 15,491 sq ft
Littlehampton 1,218 sq ft 1,980 sq ft 4,198 sq ft

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