Block of flats for sale in South Street, Worthing BN11
£3,000,000 (£268.84/sq. ft)
Interested in this property?
Call +44 20 8115 9992 *
* Calls to this number will be recorded for quality, compliance and training purposes.
Block of flats for sale
Council tax band:
- 14 Apartments and 2 commercial units
- Prime position in Worthing's shopping district
- Fantastic seaside views
- Net initial yield of 5.2% after 6.5% purchaser costs
Worthing House is a modern self-contained mixeduse building comprising 14 apartments and 2 commercial units.
The ground floor commercial comprises two large shops onto South Street. Previously office premises, Worthing House was converted to residential accommodation which was completed in October 2019.There are five upper floors of residential apartments, all benefiting from a secure reception area, video entryphones and a passenger lift. All of the apartments have recently been refurbished to a high standard. The residential element comprises a total of eight 2-bedroom apartments and six 1-bedroom apartments, totalling approximately 7,499 sq ft (gia). Seven of the 2-bedroom apartments are rented out on ASTs, whilst the other 2-bedroom and the
6 1 bedroom have been sold off on 125 year leases effective 1st January 2019. All the apartments are modern and high specification, offering stylish open plan living, energy efficient appliances and smart controlled underfloor heating. Many of the apartments have sea views, whilst the 4th and 5th floor apartments have views across the South Downs as well.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sint & Co, and do not constitute property particulars. Please contact Sint & Co 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.
View all South Street commercial properties for sale