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56-56B Goring Rd 2,076 SF 100% Leased Retail Building Worthing BN12 4AD $492,985 ($237.47/SF) 8.06% Cap Rate
INVESTMENT HIGHLIGHTS
- Goring Road is approximately 1.5 miles East of Worthing Town Centre
- West Worthing railway station approximately 1 mile to the North, providing regular services along the South Coast and to London
- Serves as a bustling local High Street offering a mix of independent retailers and well-known national multiples
EXECUTIVE SUMMARY
The property comprises ground floor retail space and two self contained residential flats. The flats are accessed via a self contained entrance fronting Goring Road.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,076 SF
Building Class
C
Year Built
1980
Price
$492,985
Price Per SF
$237.47
Cap Rate
8.06%
NOI
$39,735
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.10
Lot Size
0.04 AC
Frontage
18’ on Goring Road
AMENITIES
- Smoke Detector
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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56-56B Goring Rd
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