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Guide price
£900,000

7 bedroom block of apartments for sale

229 Oving Road, Chichester, PO19
Block of apartments
7 beds
7 baths
145,129 sq ft / 13,483 sq m
Added > 14 days

Key information

TenureFreehold
Council taxBand A
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Freehold
  • Being sold as a whole
  • Freehold investment opportunity
  • Current annual yield of £67,320
  • Arranged over three floors
  • 7 flats (all currently let on AST's)

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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About this agent

Henry Adams - Chichester Head Office
Henry Adams - Chichester Head Office
Rowan House Baffins Lane Chichester PO19 1UA
01243 273797
Full profileProperty listings
We are one of the leading multi discipline firms of estate agents and chartered surveyors in our area, selling and letting properties through a network of offices across Sussex and into Hampshire and Surrey. We have a very strong Land and New Homes department as well as offering a very wide range of property related services unparalleled in our region. The companies and partnerships that make up Henry Adams are all independently and privately owned, with all partners and directors actively involved in the day-to-day running of this proactive and highly respected organisation.
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