Atlantic House, Jengers Mead, Billingshurst, RH14 9PB
- PROPERTY TYPE
House
- SIZE
2,637 sq ft
245 sq m
Key features
- 4 x 2-bed flats
Description
N.B. It is considered there is potential to build 3 more flats at roof level, subject to receipt of the necessary consents. Superior Landlord’s consent has already been obtained.
Billingshurst is a large village situated at the junction of the A29 and A272. Horsham is approximately 9 miles to the north-east and Midhurst is approximately 15 miles to the west. The property forms part of a modern mixed retail, office and residential development in the heart of Billingshurst known as Jengers Mead, which is home to a mixture of occupiers including a bakery, a dry cleaners, a butchers and a wine shop. Close by is a Sainsbury's Local and a Tesco Express.
The investment is available by way of a sale of the long leasehold interest with 997 years remaining. The 4 flats are tenanted and subject to the existing AST's.
VAT is not applicable on the terms quoted.
Each party to be responsible for their own legal costs.
The flats are currently producing a combined gross income of £59,160 per annum, broken down as follows:
Flat 2: £1,225
Flat 4: £1,325
Flat 5: £1,300
Flat 7: £1,080
After deducting for this year’s anticipated service charge of £14,962.20, the flats are producing a net income of £44,197.80 which can all be brought to an end within 12 months if required.
The 4 flats all fall under Council Tax Band B.
Brochures
Brochure- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Atlantic House, Jengers Mead, Billingshurst, RH14 9PB
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Visit our security centre to find out moreDisclaimer - Property reference 301685-1. 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 CRICKMAY LIMITED, Horsham. 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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