£1,200,000

7 Bedroom Commercial Property

Manor Road, Worthing, BN11

First listed on: 16th May 2024

Nearest stations:

  • Worthing (0.4 mi)
  • West Worthing (0.5 mi)
  • Durrington-on-Sea (1.2 mi)
  • East Worthing (1.4 mi)
  • Goring-by-Sea (2.2 mi)

Interested?

Call: See phone number 01903 532225

Further Informations

More Information

Property Features

  • Investment Opportunity
  • 7 Self Contained Flats
  • Income ?61,863 p/a
  • Freehold
  • Communal Gardens

Property Description

INVESTMENT OPPORTUNITY! We are delighted to offer a truly remarkable property that offers a unique opportunity for investment.

This stunning detached house built in 1907 has been cleverly converted into seven self-contained flats, offering versatility and potential for a lucrative return. With a generous 4,513 sq ft of living space, this property exudes grandeur and elegance. The communal gardens provide a peaceful retreat, while the off-road parking and garage ensure convenience for residents.

Steeped in history, this property features charming period details that add character and charm to the space. Situated in a desirable location, this property not only offers a unique investment opportunity but also the chance to own a piece of history. Don't miss out on the chance to own this exceptional property in Manor Road - a true gem in the heart of Worthing.

This fantastic property full of period features would make a great addition to your portfolio with a current annual income of ?61,863 with potential to increase this to ?75,000-?80,000 per annum with some internal modernisation.

The plot size stands at approx 0.2 acres.

The property next door is also available at 0.1 acres enquire for further information.

Flat 1
Large one bedroom ground floor flat with plenty of period features, currently let at ?723.60pcm. Estimated rental value ?950pcm.

Flat 2
Large one bedroom ground floor flat currently let at ?740pcm. Estimated rental value of ?950pcm.

Flat 3
One bedroom ground floor flat with private side entrance currently let at ?715pcm. Estimated rental value ?900pcm.

Flat 4
One bedroom first floor flat currently let at ?736.66pcm. Estimated rental value ?900pcm.

Flat 5
One bedroom first floor flat recently refurbished currently let at ?850pcm. Estimated rental value ?900pcm.

Flat 6
One bedroom first floor flat currently let at ?715pcm. Estimated rental value ?900pcm.

Flat 7
One bedroom second floor flat currently let at ?675pcm. Estimated rental value ?800pcm.



Shared Ownership: No

Further Informations

More Information

Property Features

  • Investment Opportunity
  • 7 Self Contained Flats
  • Income ?61,863 p/a
  • Freehold
  • Communal Gardens

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Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
17/05/2024 Property listed at £1,200,000

Disclaimer

Disclaimer Property reference OPP21_OPP2000867. Details are provided and maintained by Open House. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by:
Open House, Worthing

6 New Broadway

Tarring Road

Worthing

BN11 4HP

Tel: See phone number 01903 532225

Arrange Viewing with AgentArrange Viewing Check AffordabilityCheck Affordability

Disclaimer

Disclaimer Property reference OPP21_OPP2000867. Details are provided and maintained by Open House. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by:
Open House, Worthing

6 New Broadway

Tarring Road

Worthing

BN11 4HP

Tel: See phone number 01903 532225

Arrange Viewing with AgentArrange Viewing Check AffordabilityCheck Affordability
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