Aldwick Road, Bognor Regis, PO21

House

Guide Price

£500,000

Freehold

Property marketed by:

Henry Adams – Bognor Regis

25 High Street, Bognor Regis, West Sussex PO21 1RS

01243 842123

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Description

An investment opportunity to purchase five flats within the same Freehold building, all currently tenanted and producing an annual income of £39,360. This gives a yield of 8.75% based on the guide price of £450,000. EPC-C-E

The property comprises of two, one bedroom ground floor flats, one, one bedroom first floor flat and one studio flat, and one two double bedroom flat on the second floor.

Flat 1 is on the ground floor and enjoys a southerly aspect, from communal hallway, personal door to the sitting/kitchen with bay window, double bedroom and bathroom with WC. Benefiting from double glazing and electric heating. EPC-D - Council Tax Band: A

Flat 2 is located on the ground floor, with door from the communal hallway, inner hallway with doors to open plan sitting room/kitchen with double doors to the outside rear, double bedroom and bathroom with WC. The property has double glazing and electric heating. EPC-E - Council Tax Band: A

Flat 3 is located on the first floor, door to sitting room with feature bay window, opening to the kitchen area, double bedroom with door to the bathroom with WC. Having double glazing and electric heating. EPC- D - Council Tax Band: A

Flat 4 is located on the first floor with door to inner hallway and through to the sitting/bedroom, kitchen and bathroom with WC. Having double glazing and electric heating. EPC- C - Council Tax Band: A

Flat 5 is located on the second floor and has some height restriction with door to inner hallway with loft access, sitting/dining room, kitchen, two bedrooms and bathroom with WC. EPC-D - Council Tax Band: B

A viewing is recommended and it is noted that these flats would benefit from being updated apart from flat 2 which has been updated in recent times.

NOTE: The photographs are a selection of the flats.

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Key Information

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