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Floor Plan
Floor Plan
Floor Plan
Floor Plan
EPC

Features

  • Unique investment opportunity
  • Entire freehold building arranged as 4 self contained flats
  • Potential annual yield of circa 5.5%
  • West facing rear garden
  • Block paved parking for residents
  • Original features & character
  • Gas fired central heating
  • Potential for home & income
  • Sought after location
  • Viewing recommended via Spencer & Leigh, Sole Agent

Nearest Stations

  • Shoreham-by-Sea (Sussex) Rail Station - 0.1 miles
  • Southwick Rail Station - 1.6 miles
  • Lancing Rail Station - 2.3 miles
  • Fishersgate Rail Station - 2.3 miles
  • Portslade Rail Station - 2.9 miles

GUIDE PRICE £900,000-£950,000

A unique opportunity to purchase this attractive freehold building currently arranged as four self contained flats, although the top floor split level flat requires complete renovation. Making an ideal investment, we would expect to achieve an annual yield of 5.5% with all four flats under occupancy. There is huge additional potential to utilise the building as a home and income or convert back to it's former glory as one magnificent family home. At present, the lower ground floor features a well presented two bedroom flat with a modern kitchen and bathroom. This flat has the allocated use of half of the West facing rear garden. The ground floor two bedroom flat is a similar size to the lower ground and unusually has it's own private entrance. The one bedroom flat is located at the front portion of the first floor and has been refurbished in recent years. At present, the top floor split level flat is uninhabitable, however, once renovated would produce a spacious two bedroom maisonette with a splendid view. Our vendor anticipates refurbishment costs to be circa £40,000 - £50,000 to complete this part of the building. The remaining part of the rear garden is shared between these three flats on a communal basis. A block paved parking area was added in 2021 resulting in plenty of off road parking for the residents. The individual flats do not have leases at present, however, these could be produced at a later time by a new owner if required. Each flat does however, have individual utility supplies. Although the flats are occupied by tenants at present, vacant possession can be provided. The location is particularly sought after being within a stones throw of Shoreham High Street with it's many cafes, bars and restaurants. The open green space of Buckingham Park is also only a short walk away. Contact Spencer & Leigh, the vendor's Sole Agent to arrange your viewing.

Flat A Entrance

Flat A Lounge 5.00m x 3.68m (16'5 x 12'1)

Flat A Kitchen 3.07m x 1.98m (10'1 x 6'6)

Flat A Bedroom one 4.17m x 3.35m (13'8 x 11'12)

Flat A Bedroom two 4.19m x 3.18m (13'9 x 10'5)

Flat A Bathroom 2.74m x 2.26m (9'0 x 7'5)

Flat B Entrance

Flat B Lounge 5.13m x 3.81m (16'10 x 12'6)

Flat B Kitchen 3.07m x 2.01m (10'1 x 6'7)

Flat B Bedroom one 4.29m x 3.35m (14'1 x 11'0)

Flat B Bedroom two 4.19m x 3.23m (13'9 x 10'7)

Flat B Shower room 2.82m x 1.68m (9'3 x 5'6)

Flat C Entrance

Flat C Reception room 4.19m x 3.05m (13'9 x 10'0)

Flat C Kitchen 3.30m x 2.13m (10'10 x 7'0)

Flat C Bedroom 5.03m x 3.81m (16'6 x 12'6)

Flat C Shower room

Flat D Entrance

Flat D Lounge/Kitchen

Flat D Bedroom one

Flat D Bedroom two

Flat D Bathroom

Flat D Separate W.C

Arrange a viewing