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16-22 Grafton Rd 10,887 SF Office Building Worthing BN11 1QP $1,832,461 ($168.32/SF) 10.02% Cap Rate
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
Building Size
10,887 SF
Building Class
B
Year Built
1965
Price
$1,832,461
Price Per SF
$168.32
Cap Rate
10.02%
NOI
$183,613
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
2,722 SF
Building FAR
1.27
Lot Size
0.20 AC
Parking
24 Spaces (2.2 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Recessed Lighting
- Air Conditioning
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16-22 Grafton Rd
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