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Reigate Road, Worthing, West Sussex... 4 bed semi
Reigate Road, Worthing, West Sussex, BN11
£500,000
Reigate Road, Worthing, West Sussex, BN11
£500,000
Our Summary
- A rare investment opportunity to purchase the freehold and four, one bedroom leasehold flats, 2 with private garden/outside space
- A rare investment opportunity to purchase the freehold and four, one bedroom leasehold flats, 2 with private garden/outside space with a combined annual income of approximately £40,000
- Michael Jones are delighted to offer for sale as an ongoing residential investment opportunity, a 1930’s, extended semi-detached residence which has been converted into four leasehold 1 bedroom flats
- Investment Opportunity
Description
This is a rare investment opportunity to purchase the freehold of a 1930s semi-detached residence, converted into four one-bedroom leasehold flats, two with private gardens. The property, located in a popular residential area, offers a combined annual income of approximately £40,000, with accounts for 2024 showing earnings of £37,490. The flats are situated close to shopping facilities, amenities, and transport links, and all four are Council Tax Band A. The freehold also includes land for the adjoining leasehold bungalow, with approximately 103 years remaining on the lease. This is an excellent chance to purchase a lucrative investment property with a high rental yield.