Reigate Road, Worthing, West Sussex, BN11
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
4
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity
- Block of Four One Bedroom Flats
- Two Ground Floor Garden Flats
- Approx. Annual Income £40,000
- Close to Travel Links & Amenities
- Ideal Freehold Residential Investment
- Includes Freehold of Leasehold Bungalow
- Circa 6.88% Rental Yield
Description
All four properties are Council Tax Band A.
A rare investment opportunity to purchase the freehold and four, one bedroom leasehold flats, 2 with private garden/outside space with a combined annual income of approximately £40,000. Accounts for 2024 state earnings of £37,490 due to Flat 3 which is now vacant was at a lower rent now valued and on the market at £900pcm.
Michael Jones are delighted to offer for sale as an ongoing residential investment opportunity, a 1930’s, extended semi-detached residence which has been converted into four leasehold 1 bedroom flats. The individual units are all 1 bedroom apartments with the two ground floor garden apartments having private gardens. Flat 1 has a small courtyard-style garden whilst Flat 2 enjoys the benefit of the large garden at the rear. The remaining two apartments are located on the first floor.
The property is situated in this highly convenient and popular residential location close to shopping facilities, amenities and transport links.
The Freehold also includes land for the adjoining leasehold bungalow which has been sold previously. There is a remainder of a 125 year lease from 30th September. Approx 103 years remaining.
For all enquiries, please contact the vendors selling agent Micheal Jones, Goring by Sea branch on where we will do all we can to assist up with any queries.
All four properties are Council Tax Band A.
Brochures
Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Reigate Road, Worthing, West Sussex, BN11
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About Michael Jones & Company, Goring-By-Sea
100 George V Avenue, West Worthing, BN11 5RP
Your mortgage
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Visit our security centre to find out moreDisclaimer - Property reference GOR240449. 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 Michael Jones & Company, Goring-By-Sea. 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.
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