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AGENT'S DETAILS


35 West Buildings, Worthing, West Sussex, BN11 3BS

For sale: £600,000.00|Retail, Mixed use, House, Retail - High Street, Other, Other Property Types & Opportunities, Residential

PROPERTY DETAILS

FOR SALE£600,000.00
ADDRESS35 West Buildings, Worthing, BN11 3BS
TYPERetail, Mixed use, House, Retail - High Street, Other, Other Property Types & Opportunities, Residential
TENUREBusiness for sale, Investment Opportunity, For Sale Freehold
POSTED ON31st March 2021

DESCRIPTION

The property Advantage are delighted to present this stunning 6 Bed All en-suite HMO property in Worthing nearby to Brighton. The property is ideally situated just moments from Worthing Beach, The Pier and the vibrant town centre where all amenities can be found.

The property prior to the extensive refurbishment was a typical Victorian style single retail shop to the high street. The property can be accessed through the walkway to the rear where there is ample space and easy rear access. The property has been brand newly renovated incorporating original features such as the Flint Feature wall in the kitchen. It offers spacious accommodation spread over three floors.

Based on previous developments completed by the same vendors the property has an estimated gross yield of 10%+ with an income of £61,332 per annum at full occupancy.

Income;

Room 1 £720 / Room 2 £720 / Room 3 £720 / Room 4 £720

Room 5 £720 / Room 6 £720 / Commercial £791

Total; £5,111 PCM / £61,332 PA

Expenditure;

Gas £80 / Electric £80 / Water £80 / Council Tax £80

TV License £80 / Broadband £80 / Cleaner £ /Management 10% +VAT

Total; £480 PCM / £5,760 PA

Income
Income;

Room 1 £720 / Room 2 £720 / Room 3 £720 / Room 4 £720

Room 5 £720 / Room 6 £720 / Commercial £791

Total; £5,111 PCM / £61,332 PA

Expenditure;

Gas £80 / Electric £80 / Water £80 / Council Tax £80

TV License £80 / Broadband £80 / Cleaner £ /Management 10% +VAT

Total; £480 PCM / £5,760 PA

Features
Three Storey 6 Bed Boutique HMO, all En-suite

Brand Newly Renovated

Mixed Use Building

10% + Gross Yield

Expected Total Income £61,332

2% + Vat Buyers Fee

LOCATION

Location: 35 West Buildings, Worthing, BN11 3BS

Worthing (0.6 miles)

West Worthing (0.9 miles)

East Worthing (1.2 miles)

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