Book a Viewing
To book a viewing for this property, please call Henry Adams - Chichester, on 01243 533377.
To book a viewing for this property, please call Henry Adams - Chichester, on 01243 533377.
Block Of Apartments, 229 Oving Road, Chichester, PO19
229 Oving Road, Chichester, PO19
Henry Adams - Chichester
Henry Adams LLP, Rowan House Baffins Lane
Description
Half a mile level walk from the city centre, this property was originally a nursing home being split in 1998 to become bedsits. Each flat has its own kitchen and bathroom, along with their own electricity and water meters. All heating is via electric underfloor heating (NB gas supply has been removed from the property). Each flat has its own council tax (Band A £1,483.40) and epc and are recognised as individual properties. There is a communal satellite dish (tenants arranging own subscriptions). To the rear there is a bin storage area. The freehold of the building is being sold for a guide price of £900,000.
All flats are on an Assured Short Tenancies and currently bring in a yield of £67,320 per annum.
Lower Ground Floor Flat 1 (One bedroom, own front door and outside space)
Flat 2 (one bedroom, own front door and outside space)
Ground Floor Flat 3 (Studio)
Flat 4 (Studio)
Flat 5 (one bedroom with courtyard garden)
First Floor Flat 6 (one bedroom maisonette)
Flat 7 (one bedroom maisonette)
Proceed east out of Chichester along The Hornet turning left at The Four Chesnut public house into Oving Road. The property is a short distance along on the right.
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Key Features
- Being sold as a whole
- Freehold investment opportunity
- Current annual yield of £67,320
- Arranged over three floors
- 7 flats (all currently let on AST's)
Property Details
- Property type: Block Of Apartments
- Plot Sq Feet: 145,130 sqft
- Council Tax Band: A
Location
The cathedral city of Chichester offers excellent high street shopping, many fashionable restaurants, cafes and bars, Festival Theatre and a mainline station to London Victoria. Goodwood is famous for its many event days including the world renowned Festival of Speed and Goodwood Revival for motor racing enthusiasts and a season of horse racing including the Qatar Goodwood Festival. There are excellent sailing facilities around Chichester Harbour and windsurfing from the beaches at West Wittering. The area is a paradise for wildlife enthusiasts, with beautiful walks and cycle tracks over the South Downs and around the harbour.
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