Southey Road, Worthing

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£2,850,000 Asking Price

House

Description

Key Features

  • Stunning Victorian Building
  • Consists of 10 Individual Flats
  • Separate HMO with 10 En-Suite Rooms
  • Popular Central Worthing Location
  • Vacant Possession
  • Fully Refurbished & Remodeled

Full Description

Robert Luff & Co are delighted to offer to market this rare opportunity to acquire this stunning Victorian detached villa beautifully renovated and converted ideally situated in this favoured central location, yards from the town centre shops and restaurants, with the beach, schools, parks, bus routes and mainline station all nearby. The accommodation comprises of 10 self-contained apartments with a mixture of studio, one bedroom and two bedrooms, with a rental income agreement of £110,400 per annum available. The flats are all currently vacant offering flexible usage options. The South wing of the building is a completely self-contained HMO offering 10 en-suite rooms and two communal kitchens, with a current rental contract available at £72,000 per annum, with the tenant keen to sign a new 10 year lease, however the property can be offered with vacant possession. The development offers a combined annual income of £182,400.

Floorplan