Studio flat for sale

Rowlands Road, Worthing

Sold STC £75,000

Property Description

Key features

  • Studio Apartment
  • Separate Kitchen
  • Fitted Bathroom
  • Town Centre Location
  • Ideal Investment With 7% Yield
  • Active Tenancy In Place

Full description

***INVESTMENT OPPORTUNITY*** A first floor converted studio apartment situated within quarter of a mile from Worthing town centre. The accommodation includes a studio room, separate kitchen with modern kitchen units, white bathroom suite comprising of bath with shower above, wash hand basin and WC and electric heating. Other benefits include electric heating and double glazing.

Rowlands Road runs adjacent to the seafront and spans from Worthing town centre through to West Worthing. As the road leads from the town centre there is a good and growing selection of shops, restaurants, cafes and bars, and this particular apartment is with a 1/4 of the main town centre making it ideal for accessing these amenities. The seafront is also just down the road with Worthing train station just over a mile away as well making this a popular location.

The vendors have advised us that the other owners of the apartments in this building are in the process in looking into purchasing the freehold. For more information, please contact the office.

The property is currently let on an Assured Shorthold Tenancy achieving a rent of £410 per calendar month which gives a yield of 7.02% (any rents quoted are at current market levels and may vary according to market conditions).

Studio Room - 4.52m narrowing to 3.43m x 3.61m narrowing to 1.52 -

Kitchen - 2.26m x 1.83m (7'5 x 6'5) -

Bathroom - 1.75m x 1.52m (5'9 x 5'4) -

Leasehold Information - Lease - 67 Years Remaining (Residents are currently looking at purchasing the freehold)
Service Charge - £1,230 Per Year (This is subject to change this year due to reserve funds being topped up)
Ground Rent - £40 Per Year

Lease - 99 years from 24th March 1984

Disclaimer (Wor) - These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
26 May 2016

Nearest stations

  • Worthing (0.7 mi)
  • West Worthing (0.7 mi)
  • Durrington-on-Sea (1.3 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Leaders, Worthing

53 Chapel Road, Worthing, BN11 1EG

01903 443162 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Leaders, Worthing

53 Chapel Road, Worthing, BN11 1EG

01903 443162 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Worthing (0.7 mi)
  • West Worthing (0.7 mi)
  • Durrington-on-Sea (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Leaders, Worthing

53 Chapel Road, Worthing, BN11 1EG

01903 443162 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 25534211. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Leaders, Worthing. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.