Investment Consideration:
Gross Initial Yield: 5.17%
Rental Income: £54,300 p.a.
VAT is NOT applicable to this property
Comprises residential block of 7 Flats (1 sold-off)
Total GIA of 6 Flats: 305 sq m (3,281 sq ft)
Situated within short walk from the seafront and local amenities including supermarket, cafes, restaurants, barber and many more
Worthing Train Station is 0.8 miles away, providing direct and regular services to London Victoria, Brighton, Portsmouth and Southsea.
Property Description:
Comprises residential block of 7 Flats (1 being sold-off). The flats include 3 x 1-Bed, 2 x 2-Bed and 1 x Studio). Two of the flats benefits from private gardens at rear and the property provides the following accommodation and dimensions:
Ground Floor:
Flat 2 - 40 sq m (430 sq ft)
1 Bedroom, kitchen, living/dining room, bathroom
Flat 3 - 53 sq m (570 sq ft)
1 Bedroom, kitchen, living/dining room, bathroom, private garden
Flat 4 - 31 sq m (334 sq ft)
Studio, separate kitchen, bathroom, private garden
First Floor:
Flat 1 - 60 sq m (645 sq ft)
2 Bedrooms, kitchen, living room, bathroom
Flat 5 - 53 sq m (570 sq ft)
1 Bedroom, kitchen, living room, bathroom
First/Second Floor:
Flat 6 - 68 sq m (732 sq ft)
2 Bedrooms, kitchen, living room, bathroom
Flat 7 - sold off
Location:
Worthing is a seaside town and borough in West Sussex, 11 miles west of Brighton and 18 miles east of Chichester. The property is situated in the town centre, within short walk from the seafront and local amenities including supermarket, cafes, restaurants, barber and many more. Worthing Train Station is 0.8 miles away, providing direct and regular services to London Victoria, Brighton, Portsmouth and Southsea.
