Commercial Property in Sompting available for sale
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Commercial Properties for Sale near Sompting, Lancing

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Commercial Properties for Sale Within 5 miles of the Sompting, Lancing

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
  • Wheelchair Accessible

Worthing Leisure for Sale

The site will be sold by way of informal tender. The site will be sold on an unconditional basis only. Developers are asked to explicitly state their assumptions made in producing the offer, providing full details of financial aspects including timing of payments, details of any conditions and proof of funding for the transaction. Please also clearly state and identify any due diligence that you will require to be carried out and the timescale within which you anticipate achieving exchange of contracts and contractual completion. Our client reserves the right not to accept the highest, or any offer received.

Contact:

Bray Fox Smith Limited

Date on Market:

11/02/2026
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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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LoopNet UK West Sussex Lancing Commercial Properties For Sale in Sompting, Lancing, UK

Learn More About Investing in Commercial Properties

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FAQs about Commercial Properties For Sale in Sompting

See All Properties For Sale
How many Commercial Property listings are available for sale in Sompting?
There are currently 0 Commercial Properties available for sale near Sompting. These Sompting Commercial Property listings have an average size of. The largest available listing in Sompting is. The thriving commercial centre and excellent transport links in Sompting make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Sompting?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Sompting currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Sompting?
There is a diverse range of commercial properties available in Sompting to suit various business needs. Sompting offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 0 Sompting commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Sompting, Lancing

Market Overview for Commercial Properties in Sompting

Key information for Commercial Properties investors in Sompting 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
Lancing £78 8,192 sq ft
Worthing £145 5,543 sq ft
Steyning £178 737 sq ft
Storrington £29 20,000 sq ft
Shoreham By Sea £154 12,326 sq ft

Rental Price Trends in Sompting

The price per square foot range for Commercial Properties in Sompting 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
Lancing £78 £78 £78
Worthing £73 £145 £339
Steyning £178 £178 £178
Storrington £29 £29 £29
Shoreham By Sea £91 £154 £281

Available Building Sizes

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

City Smallest Property Avg. Sq Ft Largest Property
Lancing 8,192 sq ft 8,192 sq ft 8,192 sq ft
Worthing 683 sq ft 5,543 sq ft 32,670 sq ft
Steyning 737 sq ft 737 sq ft 737 sq ft
Storrington 20,000 sq ft 20,000 sq ft 20,000 sq ft
Shoreham By Sea 1,198 sq ft 12,326 sq ft 26,564 sq ft

You searched for commercial property for sale in Sompting. Explore 0 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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