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LOT 7

8 High Street, Worthing, West Sussex, BN11 1NU

8 High Street, Worthing, West Sussex, BN11 1NU

Property Details
Tenure

LEASEHOLD

Description
A leasehold investment portfolio comprising of 6 newly converted two bedroom flats. All apartments have open plan living rooms & kitchens with integrated appliances, gas central heating, double glazing & are all served by a lift. The flats were newly converted during 2016. Individual car parking spaces may be available by separate negotiation. All apartments are currently let unfurnished on AST's generating £63,000 per annum. Available for sale on the remainder of 125 year leases from 2016.

Please note the photographs shown are purely indicative of the condition of the flats at the time they were converted & are non specific to any flat.

Joint Auctioneer
Michael Jones & Company

Location
Situated immediately opposite a large multi storey car park at the South end of the High Street, near Steyne Gardens. Worthing Central Railway Station lies approximately 0.7 miles North which serves Brighton in 20 minutes and London in 90 minutes. Chapel Road offers a large choice of leisure amentites 0.2 miles away.

Additional Information
*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.


  • 6 Flats Let and Producing £63,000 PA
  • All Newly Converted During 2016
  • The Individual Values of the Flats Have Been Substantially Discounted Thereby Offering Significant Break Up Value

Withdrawn


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