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4 bedroom block of apartments for sale

1 St. Augustine Road, Littlehampton

£399,950

Property Description

Full description

An ideal investment opportunity comprising of four flats in a large corner victorian house, converted approximately twenty years ago into eight self contained flats. The four remaining flats have all been recently regenerated. They are all currently let on shorthold tenancies producing an excellent annual income and represents a good business/investment opportunity. The freehold of the building is for sale along with the four remaining flats.

Four flats are sold on 99 year leases. Ground Rents £125.00 per Annum doubling every 25 years

Total ground rent £500 per year

Entrance Hall - Steps up to communal front door, entrance hall, fire alarm indicator panel, stairs to the first and second floor, emergency lighting.

Flat One - currently rented at £450 pcm.

Flat Two - Private entrance. Current rent at £535

Flat 3 - Own private entrance and walled garden - £550 per month

Flat 6 - £495 per month

Freehold Of Building - Four flats are sold on 99 year leases. Ground Rents £125.00 per Annum doubling every 25 years

Total ground rent £500 per year

Leasehold(Rtn) - Ground rent and service charges may apply to this property.

Disclaimer(Rtn) - 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:
13 July 2016

Map & Street View

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