Granville Road, Littlehampton, West Sussex, BN17
- PROPERTY TYPE
Detached
- BEDROOMS
5
- BATHROOMS
2
- SIZE
2,131 sq ft
198 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- SPACIOUS GARDEN
- DOWNSTAIRS BATHROOM
- CELLAR
- UTILITY ROOM
Description
We are delighted to present an exceptional investment opportunity to acquire a substantial ground floor flat, boasting over 2,000 sq ft of versatile floor space, alongside the highly coveted FREEHOLD for the entire building.
This unique offering provides not only a magnificent expansive living or rental unit but also control over a well-established residential block comprising five additional flats.
Key Investment Highlights:
Substantial Ground Floor Flat (Over 2,000 sq ft): This impressive unit offers immense potential for various uses, including:
Premium Residential Letting: Command top-tier rental income in a desirable area.
Owner Occupation: A spacious and elegant home with additional income streams from the upper flats.
Potential for Reconfiguration (STPP): Explore possibilities for creating multiple units or a grand singular residence, subject to necessary planning permissions.
FREEHOLD Ownership of Entire Building: This is a truly significant advantage, providing:
Long-Term Control & Security: Full control over the management, maintenance, and future development of the property.
Ground Rent Income: Benefit from ongoing ground rent payments from the leasehold flats.
Capital Appreciation: Maximise the value of the entire asset over time.
Immediate Lease Renewal Opportunities: Two of the five upper flats require lease renewals. This presents an immediate opportunity to:
Generate Substantial Premiums: Secure valuable lump sums from lease extensions.
Increase Ground Rents: Negotiate favourable terms for future income.
Enhance Asset Value: Renewed leases significantly increase the market value of the individual flats and the overall freehold.
Established Income Stream: Benefit from existing rental income from the other three leasehold flats, providing immediate returns on your investment.
Prime Location: Situated in the highly sought-after Littlehampton, offering excellent transport links, amenities, and strong tenant demand.
This is a strategic acquisition for investors looking to:
Diversify their portfolio with a high-value, income-generating asset.
Capitalise on immediate value-add opportunities through lease renewals.
Secure long-term capital growth through freehold ownership.
Acquire a significant footprint in a desirable property market.
Serious enquiries are invited from qualified investors.
Do not miss this rare chance to own a substantial piece of real estate with considerable upside potential.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Granville Road, Littlehampton, West Sussex, BN17
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Visit our security centre to find out moreDisclaimer - Property reference 566043000028310415. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Leadenhall Estates, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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