Church Walk, Worthing

14x Flats Approximately Producing £121,020,000pa

Freehold Arranged as 14xFlats, Producing Approximately £121,020.00pa

Description - A unique opportunity to acquire, two adjoining freehold properties on Church Walk, Worthing. The properties are arranged as 13 x self-contained flats and 1 x non-self-contained flat. All 14 flats are currently let producing an income of approximately £121,020.00 pa. This large and imposing unbroken Freehold has the added benefit of a communal rear garden.

Situation - Church Walk is located on the outskirts of Worthing Town Centre and approximately 1 minute from the seafront and Worthing Hospital. The town centre which offers an array of cafes, bars, shops and restaurants is within a 10 minute walk from the property, both Worthing mainline and East Worthing train stations are within easy reach by foot or by car.

Accommodation - The property has the following approximate Net internal floor areas:-

14 CHURCH WALK
Flat 1 - 19sq.m.
Flat 2 - 17 sq.m.
Flat 3 - 32 sq.m.
Flat 4 - 30 sq.m.
Flat 5 - 17 sq.m.
Flat 6 - 27 sq.m.
Flat 7 - 30 sq.m.
TOTAL - 172 sq.m.

16 CHURCH WALK
Flat 1 - 20 sq.m.
Flat 2 - 17 sq.m.
Flat 3 - 33 sq.m.
Flat 4 - 24 sq.m.
Flat 5 - 17 sq.m.
Flat 6 - 27 sq.m.
Flat 7 - 30 sq.m.
Total Floor Area - 168 sq.m.

Epc's - 14 CHURCH WALK
Flat 1 - D
Flat 2 - D
Flat 3 - D
Flat 4 - E
Flat 5 - C
Flat 6 - C
Flat 7 - E

16 CHURCH WALK
Flat 1 - D
Flat 2 - D
Flat 3 - D
Flat 4 - D
Flat 5 - C
Flat 6 - C
Flat 7 - E

Council Tax - The whole building is Band G

Tenancies - 14 CHURCH WALK
Flat 1 - £660.00pcm
Flat 2 - £650.00pcm
Flat 3 - £725.00pcm
Flat 4 - £525.00pcm
Flat 5 - £650.00pcm
Flat 6 - £750.00pcm
Flat 7 - £895.00pcm
Total - £4,855pcm / £58,260pa

16 CHURCH WALK
Flat 1 - £700.00pcm
Flat 2 - £670.00pcm
Flat 3 - £850.00pcm
Flat 4 - £750.00pcm
Flat 5 - £650.00pcm
Flat 6 - £795.00pcm
Flat 7 - £815.00pcm
Total - £5,230pcm / £62,760pa

Vat & Legal Fees - We understand the property is not elected for VAT. Each party to bear their own legal costs incurred.