Properties Sold

Substantial HMO For Sale

On behalf of the Administrators

For Sale - SUBSTANTIAL HMO PRODUCING AN ANNUAL GROSS RENT of APPROXIMATELY £127,000 PER ANNUM – 3-4 Albert Road, Bognor Regis, PO21 1NL

• 2 self-contained studios and 19 letting rooms
• Well maintained throughout
• Excellent Investment opportunity
• Central location between the seafront and Bognor Regis town centre

Summary
These two adjoining buildings, arranged over four floors, comprise a substantial House in Multiple Occupation producing a gross rental income of approximately £127,000 per annum. There are 19 letting rooms with their own kitchen facilities with shared W.C. and shower rooms, a communal laundry room and two self-contained studio units at the rear on the ground floor.

The property provides an excellent investment opportunity in a central and convenient location between the seafront and Bognor Regis town centre. There are excellent local shopping facilities and amenities, including the mainline station, with excellent road links to nearby coastal towns via the A259 and all other surrounding areas via the nearly A27.

Accomodation
There are 21 units in total arranged over four floors with two self-contained studio units at the rear on the ground floor, with the rest arranged as letting rooms with kitchen facilities and shared shower rooms/W.C.s. There are balconies to the first floor and ground floor patios to the rear of both properties.

Tenancies
We are informed that all of the units are let on Assured Shorthold Tenancies.