Current Instructions

DESCRIPTION

• An opportunity to acquire a retail unit in Worthing Town Centre. 
• Prominent position with high footfall on pedestrianised high street in Worthing Town Centre. 
• Ground Floor retail unit measuring 20,645 sq ft with upper parts sold off on long leases. 
• Let to the undoubted covenant of TJX UK Ltd (t/a TK Maxx) on a new 15 year FRI lease from August 2026 at a passing rent of £275,000 pa. 
• TJX UK Ltd has 429 stores in the UK and its most recent accounts show a net profit of £201m. Credit Safe score of a 100A (very low risk). 
• The store is currently in fit-out with occupation due in November 2026. 
• Upward only rent reviews at Years 5 and 10 subject to a maximum increase of 15% of the previous rent. 
• Tenant only break in Year 10. 
• Freehold. 
• The property is elected for VAT although it is envisaged the sale will be treated as a TOGC. 
• EPC – B(46).