Investment Properties for sale in Worthing

View the "FREEHOLD GROUND RENTS AND TOWN CENTRE CAR PARKING FOR SALE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

FREEHOLD GROUND RENTS AND TOWN CENTRE CAR PARKING FOR SALE

Worthing, West Sussex, England

  • Freehold Price: £35,000
  • Sale Agreed
Seller Reference: PH9Shelley
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Business Description
 
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Seller Reference: PH9Shelley
Request Details
Business Description
DESCRIPTION:
An opportunity to purchase the freehold interest of large house converted into four flats together with four car parking spaces.

The flats have all been sold off on long leaseholds and the car parking spaces are let on flexible monthly terms.

There is also a large roof space which is not demised to any of the flats which could provide future development opportunities, subject to obtaining any necessary consent.

Please call for further details.

LOCATION:
The property occupies a prominent location on the corner of Shelley Road and Buckingham Road, within the heart of Worthing Town Centre.

The main pedestrianised shopping precinct of Montague Street is close by and there are several commercial office occupiers within the vicinity. Worthing Railway Station is approximately half a mile distant.

ACCOMMODATION & INCOME:

Car Park:
The property benefits from four carparking spaces with direct access onto Shelley Road. All four spaces are currently let on monthly Licence Agreements with a combined income of £235 pcm.

Ground Floor Flat 1:
1 Bedroom Flat
99 year lease from December 2014
Ground Rent £100 per annum

Ground Floor Flat 2:
Studio Flat
149 year lease from December 1986
Ground Rent £200 per annum

First Floor Flat 3:
1 Bedroom Flat
189 year lease from December 1986
Ground Rent peppercorn

First Floor Flat 4:
1 Bedroom Flat
104 year lease from March 2008
Ground Rent £200 per annum

ANNUAL INCOME:
The gross annual income for the property currently stands at £3,320.

TENURE:
Freehold, subject to the various leases and Licence Agreements.

GUIDE PRICE:
Offers are invited in excess of £35,000 for the Freehold interest.

LEGAL FEES:
Each side are to be responsible for their own legal costs unless otherwise negotiated prior to entering into an agreement.
Tenure:
Freehold
Downloadable Documents:
Listed by:
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