£750,000
(£369.09/sq. ft)
Land for sale33 Rugby Road, Worthing, West Sussex BN11
2,032 sq. ft
Just added
About this property
Income Producing
Off Road Parking & Garage
5 Self Contained Apartments
Wrap Around Garden
Off Road Parking & Garage
Location
Ideally situated in the desirable West Worthing area, just a short walk from West Worthing railway station and within easy reach of local amenities, the town centre, and the seafront (approx. 1 km away).
Description
This substantial and imposing detached property presents an opportunity to acquire a fully let building, currently arranged as five self-contained apartments over three storeys. The property generates a gross rental income of £42,708 per annum, with significant potential for rental uplift following internal refurbishment.
The accommodation comprises four one-bedroom apartments and one studio, each benefitting from private kitchens and bathrooms. Additional features include gas central heating and double glazing.
Externally, the property features a wrap-around rear garden and off-road parking, with potential for further development (subject to necessary consents), enhancing its long-term investment appeal.
Price
Offers are invited in the region of £750,000 for the freehold interest.
Tenure Comments
Freehold
Rent
The overall income for the property is £42,708 per annum, exclusive.
EPC
Flat 1 has an EPC rating of D - 66.
Flat 2 has an EPC rating of E - 52.
Flat 3 has an EPC rating of D - 61.
Flat 4 - an EPC has been requested.
Flat 5 has an EPC rating of E - 52.
VAT
We are informed that VAT is not applicable on the terms quoted.
Use
We understand the premises benefit from Class C4 use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents, Jacobs Steel.
Ideally situated in the desirable West Worthing area, just a short walk from West Worthing railway station and within easy reach of local amenities, the town centre, and the seafront (approx. 1 km away).
Description
This substantial and imposing detached property presents an opportunity to acquire a fully let building, currently arranged as five self-contained apartments over three storeys. The property generates a gross rental income of £42,708 per annum, with significant potential for rental uplift following internal refurbishment.
The accommodation comprises four one-bedroom apartments and one studio, each benefitting from private kitchens and bathrooms. Additional features include gas central heating and double glazing.
Externally, the property features a wrap-around rear garden and off-road parking, with potential for further development (subject to necessary consents), enhancing its long-term investment appeal.
Price
Offers are invited in the region of £750,000 for the freehold interest.
Tenure Comments
Freehold
Rent
The overall income for the property is £42,708 per annum, exclusive.
EPC
Flat 1 has an EPC rating of D - 66.
Flat 2 has an EPC rating of E - 52.
Flat 3 has an EPC rating of D - 61.
Flat 4 - an EPC has been requested.
Flat 5 has an EPC rating of E - 52.
VAT
We are informed that VAT is not applicable on the terms quoted.
Use
We understand the premises benefit from Class C4 use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents, Jacobs Steel.
Mortgage calculator
Monthly repayment
£3,751 per month
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