Worst House on the Street Logo
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 1
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 2
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 3
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 4
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 5
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 6
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 7
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 8
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 9
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 10
38 - 40 Ann Street, Worthing, West Sussex, BN11 - Image 11

38 - 40 Ann Street, Worthing, West Sussex, BN11

South East

£420,000
Listed on 02/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This significant two-storey commercial property is situated in the bustling centre of Worthing, offering a unique investment opportunity with three distinct commercial spaces. The main unit, known as Enterprise House, is a spacious Class E premises that has become vacant and holds potential for diverse commercial applications pending necessary planning approvals. It features practical amenities such as carpeted flooring, air conditioning (untested), perimeter trunking for data and power connections, electric heating, and integrated Cat 3 lighting. The sizable 24ft window frontage is safeguarded by an automated roller shutter for added security. Additionally, the rear area includes basic facilities with a small kitchenette and WC. The adjacent pizza takeaway is equipped with tiled flooring and suspended ceiling along with inset lighting, benefiting from three-phase electricity and single-glazed windows. It presents a practical waiting area alongside essential kitchen and WC units located at the back. On the first floor is a well-appointed restaurant space with appealing laminate flooring and attractive Georgian sash windows. This level showcases an open-plan layout complete with a built-in bar area, commercial kitchen, and additional WC facilities at the rear. Each unit requires varying degrees of refurbishment to maximize their rental or operational potential, presenting an advantageous prospect for investors looking to enhance their value.

Investment Analysis

(BN11 area)
Area Average
£368/sq ft
Avg Rent (weekly)
£272
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (BN11)

Area prices are falling by +3.4% over the last 12 months
3 year growth: -0.5%
5 year growth: 11.7%
Investment Disclaimer: Analysis based on BN11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

38 - 40 Ann Street, Worthing, West Sussex, BN11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,539
Based on a loan of £315,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE