Summary - Chapel Road BN11 1BA
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime central location in Worthing, near mainline station
- Currently tenanted by an established restaurant with a 20-year lease
- Spacious interior with bar, kitchen, and dining areas in excellent condition
- High ceilings and large windows in an Edwardian building
- Strong rental yield of £15,600 per annum
- **Investment Opportunity:** Suitable for investors looking for commercial property
**Concerns:**
- Property subject to VAT
- Leasehold with only 20 years remaining, potentially limiting mortgage options
- High crime rate in the area
Discover an exceptional investment opportunity in the heart of Worthing, where a well-maintained commercial property awaits you. This Edwardian gem is currently leased to a popular restaurant, providing consistent rental income of £15,600 per year, with 20 years remaining on the lease. Its central location offers high foot traffic, being just moments from the mainline station and surrounded by bustling shops, cafes, and local attractions, including the iconic pier.
While the property is in excellent decorative order, please note it is subject to VAT and the relatively short lease might pose challenges for mortgage financing. Despite some concerns regarding the area's high crime rate, the strong rental demand and vibrant community atmosphere present an enticing opportunity for savvy investors. Don’t miss your chance to own a piece of prime commercial real estate in a city that continues to thrive!
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