Summary - Flat 1, 41 Marine Parade BN11 3QA
1 bed 1 bath Commercial Development
**Standout Features:**
- Prime seafront location opposite Worthing Pier and promenade
- Iconic Victorian architecture with ornate detailing
- Ground floor bar/restaurant with high capacity and refurbishment in progress
- Substantial space: approximately 4,426 square feet
- Strong rental income potential of £30,900 per annum, yielding 6.57%
- Future flexibility for additional layouts or modifications
- 107 years left on residential lease, with upper floors leased out
**Potential Downsides:**
- Requires renovation to maximize value
- Currently part of a high crime area
- Some issues noted with insulation in solid brick walls
This exceptional freehold opportunity encompasses a large, four-storey Victorian building, located in the heart of Worthing's bustling seafront. Highlighting its captivating architectural charm, the property features a well-positioned ground floor restaurant with an impressive window frontage and a spacious open-plan seating area. Imagine your investment flourishing in this prime setting with picturesque sea views, while enjoying the buzz of city life and amenities just steps away. The upper floors, already leased to tenants on long leases, add further income potential, showcasing this property’s promising investment trajectory.
While the building requires some renovation work, the large footprint and prime location allow for creative adaptations that could enhance its value. With excellent rental potential and an attractive yield, this property is ideal for savvy investors looking to capitalize on a rare market offering. Schedule a viewing today to explore the unique possibilities awaiting you in this iconic seaside location—opportunities like this won't last long!
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