Mixed Use

Location

The subject property is located on Grand Avenue, a predominantly residential street within the BN11 5 postcode district, specifically falling within the Heene ward of Worthing, West Sussex. Grand Avenue is a well-regarded thoroughfare that extends directly south from West Worthing railway station toward the seafront, offering a convenient and direct route to both transport links and coastal amenities. The area benefits from a mix of period and modern properties and is known for its tree-lined character, proximity to local shops, schools, and easy access to central Worthing.

Description

Acting on behalf of our client Guild Care, this impressive detached HMO offers a fantastic opportunity for investors seeking a well-managed, income-generating property. Comprising five spacious en-suite bedrooms, the property is fully occupied and generates a strong monthly income of £1,468.72, equating to an annual income of £76,373.44.

The ground floor offers two self-contained flats, each featuring an en-suite shower and WC. Shared amenities on this level include a spacious open-plan lounge and dining area, a recently installed fully fitted kitchen, and a laundry room.

The first floor comprises three double bedrooms, two of which have en-suite showers and WCs, while the third includes an en-suite bath and WC. Additional facilities include a staff office and a shared bathroom.

There is a part paved / gravel driveway to the front of the property, and large rear garden to the rear.

The property is let to Dimensions, who are funded by West Sussex County Council and supports adult social care.

The property has been maintained to a good standard and benefits from full HMO licensing, compliant fire doors, emergency lighting, and a fire alarm system. Communal areas are modern and functional, including a well-equipped kitchen.

Price

Offers are invited in the region of £750,000 for the freehold interest.

Tenure Comments

The property is available by way of a sale of the freehold interest, subject to the existing tenancies. Information of the rents and service charges are available by request.

EPC

The property has an EPC rating of D - 59.

VAT

We are informed that VAT is not applicable on the terms quoted.

Legal Fees

Each party is responsible for their own legal fees in this transaction.

Viewing

Strictly by appointment with Sole Agents,
Jacobs Steel.