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COMMERCIAL

Commercial property for sale

Seal Square, Seal House Seal Square, PO20

Guide Price
£700,000
Henry Adams, Selsey
PROPERTY TYPE

Commercial Property

BEDROOMS

9

BATHROOMS

9

SIZE

7,589 sq ft

705 sq m

Key features

  • Investment opportunity
  • Freehold property with 7 flats ( one of which is a detached bungalow )
  • Building and flats will require updating to maximise rental income
  • We're advised the current annual income £53,580 ( this excludes 2 flats which are currently unlet )
  • Close proximity to the beach
  • Off road parking for 5/6 cars with space to create an additional space
  • Top floor flat with sea views
  • Communal outside space and storage shed for each flat

Description

This freehold investment opportunity presents a substantial building comprising seven flats, one of which is a detached bungalow to the side of the building, situated in close proximity to the beach. The property offers significant potential for improvement, as both the building and individual flats would benefit from updating in order to maximise rental income. We are advised that the current annual income is circa £53,580, which does not include two flats that are presently unlet, highlighting further scope for increased returns. The layout includes a top floor flat that boasts attractive sea views, and all residents benefit from communal outside space and a private storage shed. This property is well suited to investors seeking a project with excellent long-term prospects in a sought-after coastal location. In addition to the flats which are/can be rented out, the current owner lives on site in his own studio.

Externally, the property offers a communal garden to the rear, mainly laid to stone, providing a low-maintenance space for residents to enjoy. A circular raised area adds interest to the garden, while a hard-standing and decked area offer further versatility for outdoor activities. Each flat is allocated its own shed for storage space, ideal for bicycles or garden equipment. To the front of the building, there are parking spaces, and a brick-built flower bed could be removed to create a another parking space if desired. The arrangement of the outside space ensures practicality and convenience for residents, while the proximity to the seafront enhances the overall appeal of this investment property.


EPC Rating: D

Flat 1

Studio flat on the ground floor

Open plan living area & bedroom (2.91m x 5.32m)

Living room & bedroom, max measurements, inner hallway to

Bathroom

Bath, wash hand basin & w/c

Flat 2

One bedroom flat on the ground floor

Open plan living room & Kitchen (3.63m x 4.23m)

Bedroom (2.14m x 2.85m)

En-Suite Shower Room

Walk in shower, w/c and wash hand basin

Flat 3

Studio flat in the ground floor

Living room & bedroom (3.7m x 4.84m)

Kitchen space (2.04m x 2.45m)

max measurements

Shower room

Walk in shower, wc and wash hand basin

Flat 4

1st floor 1 bedroom flat

Open plan living room & kitchen (3.72m x 5.17m)

Bedroom (3.74m x 4.13m)

En-Suite bathroom

Bath, wc and wash hand basin

Flat 5

1st floor 1 bedroom flat

Living room (3.74m x 4.42m)

Kitchen (2.53m x 3.08m)

Bedroom (2.9m x 3.02m)

En-suite bathroom

bath, wc and wash hand basin

Flat 6

1st & 2nd floor split level 2 bedroom flat ( incorporates flat 6a on the floor plan or could be split to be 2 separate flats )

Shower room

Walk in shower, wash hand basin & wc

living area (2.84m x 8.11m)

Panoramic sea view

Galley style kitchen (2.06m x 4.2m)

max measurements

Bedroom (2.78m x 3.55m)

measurement excludes the alcove. Sea view

Bathroom

Bath, wc & wash hand basin. Sea view

Flat 7

Detached bungalow to the side of the main building

Open plan living room/kitchen (3.66m x 5.35m)

L-shaped with max measurements

Bedroom (2.72m x 3.66m)

bathroom

Bath, w/c & wash hand basin

Owners residence

The owners residence is a studio style home located within the main building

Open plan living space & kitchen (3.52m x 3.62m)

Bedroom (1.92m x 2.33m)

Shower room

Walk in shower, wc & wash hand basin

Studio

Where to current owner resides

Open plan living & kitchen (3.62m x 3.52m)

Bedroom (1.92m x 2.33m)

Shower Room

Walk in shower, w/c and wash hand basin

Garden

To the rear of the property there is a communal garden space which is mainly laid to stone with a circular raised area. Hard standing, decked area and each flat has their own shed/storage space.

Parking - Off street

Located to the front of the building there are 6 parking spaces along with a brick built flower bed which can be removed to create a 7th parking space.

Brochures

Property Brochure

Energy Performance Certificates

EPC 1

Seal Square, Seal House Seal Square, PO20

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bognor Regis Station6.7 miles
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About Henry Adams, Selsey

122 High Street, Selsey, PO20 0QE
Industry affiliations:

SELSEY'S LARGEST INDEPENDENT ESTATE AGENT

Henry Adams Estate Agents is in the heart of the village and has a friendly, professional team, experienced in residential sales. Selsey is the southernmost town of West Sussex with miles of beaches and panoramic sea views. Understandably popular with holidaymakers (and not just because the Selsey crab is a renowned local delicacy), it's lively in summertime as well as being a great place to live all year round.

Selsey and the Surrounding area

Whilst now a town due it's increasing size, Selsey is still very much a traditional seaside village with the main High Street offering an array of excellent shops, pubs and restaurants. Whether you are a family looking for traditional seaside fun, a water sports enthusiast looking for a location that offers endless possibilities, a nature-lover wanting an escape from the hustle and bustle, or you just want to enjoy superb food with good company Selsey has it covered.

Property in Selsey. Due to the way Selsey has developed over the last few hundred years each point of the compass has its own unique style of home. In the north-eastern quarter you'll find an even spread of both 1970's homes (houses and bungalows) and period properties. The north-western quarter has a higher density of 1970's properties interspersed with large semi-rural homes around the perimeter. The old town lies in the South East of Selsey offering many charming and characterful properties including thatched homes built as far back as the 17th century. Drift further to the West and you'll find many sizeable secluded detached seafront homes, often with stunning uninterrupted views.

Scuba Diving. Selsey provides an ideal base for anyone interested in scuba diving or snorkelling with some of the best diving anywhere in the UK. Marine life thrives here and there are over one hundred wrecks to explore. Mulberry Divers is an international dive centre and offers tuition and training to beginners and advanced divers alike.

Local events. Residents of Selsey enjoy community life with a whole host of local events, most notably Selsey's three week festival with takes place each August and culminates with a carnival procession through the town. Later in the year is Selsey's firework display which is extremely popular and one of the largest displays on the South Coast. Christmas sees a flurry of special events, late night shopping and the excellent Selsey Lights display for the local residents and visitors.

Coastal Living. The natural attractions of Bracklesham Bay, the Witterings beaches, Pagham Nature Reserve and Chichester Harbour are hard to beat and attract people from miles around.

Recreation. Selsey offers beautiful walks, a coastal cycle path, a wetland wildlife area in Medmerry and some of the South's most popular beaches on its doorstep. Sports are well catered for with Selsey's own Cricket & Social Club founded in 1834 its one of the oldest in the country. Selsey also has its own well-established football club which was founded 1903.

Famous connections. Air Commodore Edward 'Teddy' Mortlock Donaldson set a new world air speed record of 616mph in 1946, also breaking the 620mph barrier for the first time in the Star Meteor IV. Donaldson lived at Iron Latch Cottage and there is a blue plaque on the beach at the bottom of Park Lane to mark the event. Donaldson has a second plaque at No. 86, Grafton Road.

Selsey is also mentioned in the Domesday book commissioned by William the Conqueror in 1086.

Schools in Selsey. The primary schools in Selsey is The Seal Academy which received 'good' in their last Ofsted inspection report. For those with older children there are a number of options available including The Academy based in Selsey, or Chichester High School for Girls and Chichester High School for Boys just twenty minutes drive away.

Transport Links. Selsey's nearest train station is Chichester located approximately 9.5miles to the North of Selsey and providing mainline links to Portsmouth, Brighton and London. An excellent bus service runs every 15 minutes to and from the cathedral City of Chichester with its larger stores, Festival Theatre and College.

Travel Information

Selsey to:

  • (Train) London Waterloo: 1hr 39m
  • (Train) Gatwick Airport: 56m

  • (Car) Gatwick Airport: 1hr 11m
  • (Car) Central London: 1hr 50m
  • (Car) Chichester: 23m

All times are approximate.

    Notes

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    Disclaimer - Property reference 275d1ca1-17a5-4b99-b3de-c3f62ca3429c. 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 Henry Adams, Selsey. 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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