Property for sale in Lennox Road, Broadwater, Worthing BN11

For sale by auction on 27th June 2024

Guide Price £475,000+

An outstanding high yielding freehold residence as 6 self contained studio rooms, all let on AST's each with their own ensuite shower rooms and wc's and benefiting from gas central heating and double glazed windows. Finished to the highest of standards, it is doubted there is a finer example of this type of property currently for sale. A fully fitted communal kitchen and dining room offer the perfect relaxation space whilst washing a machine is fully available.

There is a parking space that is currently unlet on a formal basis therefore there is potential to increase the current rent by another £720 per annum.

Located within this popular position of being close to the centre of Worthing and the seafront, both of which enjoy an entire host of leisure and recreational facilities whilst access is fully able to West Worthing Railway Station.

Table of Rents & Outgoings

Rent

Room 1 £675
Room 2 £650
Room 3 £775
Room 4 £650
Room 5 £695
Room 6 £675
Parking Space £60 (Once Let)
total £4,180 pcm/£50,160 Per Annum

Outgoings (Approximately and as Advised)

Council Tax £120
Water £35
Gas & Elec £250
wifi £25
Cleaning £50
total £480 pcm/£5,760 Per Annum

Approximate Net Rent (To Include Parking Space)

Monthly £3,700
Per Annum £44,400
Net Yield 9.35% (Based on Current Guide)