Block of flats for sale in Shelley Road, Worthing BN11

Offers over £1,750,000 (£291.67/sq. ft)
Block of flats for sale 6,000 sq. ft*
Interested in this property? Call +44 1903 906549 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

An excellent opportunity to purchase the freehold interest of a substantial detached property comprising nine self-contained flats: 6 x 2 bed and 3 x 1 bed.

The property is unencumbered from any leasehold interests, with all flats occupied and let on Assured Shorthold Tenancies producing a gross annual income of £90,540.

The accommodation is presented in good order throughout with all flats benefiting from gas fired central heating and modern kitchen and bathroom facilities.

Viewing is strongly recommended.

Location:
Worthing is the largest town in West Sussex, located on the coast between Brighton and Chichester. The town has a resident urban population of approximately 100,000 people and a population of around 500,000 within a 13 mile catchment area.

The subject property is situated in a convenient location on the corner of Shelley Road and Shakespeare Road.

Worthing Town Centre and Mainline Railway Station are both within a mile of the property, whilst the seafront and promenade are just a short walk away.

Accommodation:


Flat 1
- ground floor


Entrance Hall
Lounge 16'6 x 16
Kitchen 11'5 x 9'11
Bedroom 1 15'11 x 12'
Bedroom 2 12'6 x 9'1
Bathroom 7'9 x 6'5


Flat 2
- ground floor


Lounge 19'9 x 16'1
Kitchen 13' x 8'
Bedroom 1 16'5 x 7'10
Bedroom 2 12'8 x 7'8
Bathroom 6'10 x 6'9

flat 2a - ground floor
Lounge/Kitchen 24'8 max x 16'9 max
Bedroom 1 11'4 x 11'
Bedroom 2 11'5 x 6'4
Bathroom 7'11 x 7'2


Flat 3
- first floor


Lounge 16'6 x 16'1
Kitchen 13'9 x 9'
Bedroom 1 16'11 x 13'9
Bedroom 2 12'4 x 9'1
Bathroom 11'6 x 6'1

Flat 4 - first floor
Lounge 16'3 x 14'4
Kitchen 9'10 x 8'
Bedroom 1 16'4 x 9'10
Bedroom 2 10' max x 14' max
Bathroom 6'8 x 6'6

flat 4a - first floor
Lounge 17'7 x 15'4
Kitchen 11'1 x 6'9
Bedroom 11'2 x 10'11
Bathroom 10'10 x 5'9


Flat 5
- second floor


Lounge 19 max x 17'11 max
Kitchen 10'1 x 9'9
Bedroom 1 13'5 x 12'
Bedroom 2 14'10 max x 14'9 max
Bathroom 6'9 x 6'2

flat 5a - second floor
Lounge 17'11 x 13'1
Kitchen 9'4 x 7'6
Bedroom 15'7 x 9'10
Bathroom 7'7 x 6


Flat 6
- second floor


Lounge 16'10 max x 12'1 max
Kitchen 11'10 x 8
Bedroom 10'7 x 8'9
Bathroom 10'7 x 6

external:
The property benefits from a car parking to the front of the building with one space available for each flat.

There is an area for bin stores and bikes stores to the side of the property, whilst two of the ground floor flats at the rear of the building have the benefit of small patio gardens.

Tenants/income:
All of the flats were originally let on Assured Shorthold Tenancies but the majority have now rolled over to periodic.

Each flat is self-contained and metered separately with tenants responsible for all bills.

The rent schedule is as follows:

Flat 1 £940 pcm
Flat 2 £875 pcm
Flat 2a £830 pcm
Flat 3 £960 pcm
Flat 4 £910 pcm
Flat 4a £795 pcm
Flat 5 £910 pcm
Flat 5a £650 pcm
Flat 6 £675 pcm

total £7545 pcm (£90,540 pa)

tenure:
Freehold

asking price:
Offers are invited in excess of £1,750,000.

Energy performance certificates:
Copies of the Energy Performance Certificates and Recommendation Reports are available upon request.

Viewing:
Strictly by prior appointment with Spratt & Son

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Spratt and Son, BN11 on +44 1903 906549 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Spratt and Son, and do not constitute property particulars. Please contact Spratt and Son for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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