7 Bedroom Block Of Apartments
£900,000
229 Oving Road, Chichester, PO19

Description

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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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