Residential development for sale
Property description & features
- Tenure: Freehold
- Situated in Popular Village of Rustington
- Current Income £90,288 Per Annum
- Potential To Increase Rents / Break Up / Asset Manage
- Converted in 2016
- Rare Freehold Opportunity
- Viewing Highly Recommended
A rare opportunity to acquire an unbroken residential freehold building producing a current income of £90,288 Per Annum.
The property was converted under permitted development rights (R/171/16/PD) in 2016 to create 6x Studio apartments and 6x One Bedroom apartments with 15 external parking spaces and communal bin store. The property has been fully let for over 7 years with very low void periods with both private and local authority tenants.
The majority of apartments benefit from laminate / carpeted flooring, secure entry phone system, electric heating, electric cookers and electric showers. The apartments are presented in good condition throughout.
Location
Rustington is a thriving and popular village located on the south coast in between the cathedral city of Chichester (15 miles west), the seaside town of Worthing (8 miles east) and the city of Brighton (20 miles east). Rustington has superb road connectivity with the A259, A24 and A27 roads all within easy distance of the subject property. Angmering mainline railway station with its regular services along the southcoast and north to London Victoria (journey time of 1 hour 35 minutes) is situated approximately 2 miles to the north. The village centre with its array of national and independent shops, eateries and public amenities is a five minute walk away from the property whilst the popular seafront and greensward is within 10 minutes.
Terms
Freehold, subject to the tenancies noted within these marketing particulars.
Council Tax
Each apartment has a Council Tax banding of A. Further information can be obtained by speaking to Arun District Council's Business Rates & Council Tax department.
Property information from this agent
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area
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