Shelley Rd - Apartments FOR SALE


Worthing, WSX BN11 4DD
$2,500,000 USD
Shelley Rd, Worthing, WSX for Sale
$2,500,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

Shelley Rd
Worthing, WSX BN11 4DD


HIGHLIGHTS

  • Situated in a sought after position in the heart of Worthing town centre
  • Within walking distance of the seafront & town centre
  • The nearest station is Worthing mainline station which is approximately 0.8m away with bus services running nearby

OVERVIEW

An imposing detached two storey building situated on a substantial plot of just over 0.51 acres, benefiting from off-road parking, dual entrances from both Shelley Road and Southey Road and wrap around garden. The main building has been converted from an original large, detached residence and then significantly extended in the late 1970’s, and although they been upgraded over the years, it still boasts period features. The original building has solid masonry rendered and painted walls beneath pitched and hipped roofs. The building was extended in 1978, and a large, asphalt-covered flat roof addition was constructed at the west end of the main building and south-west corner. Comprising 29 studio flats with a kitchenette and bathroom, and 3 larger flats with separate bedrooms and living room divided between two intercommunicating blocks. The property also has an assisted bathroom, on-site laundry facilities, detached electric scooter storage and 24-hour call alarm system. The east block is arranged over ground and one upper floor, and the west block is arranged over ground and two upper floors. Each block has independent access and serviced by a lift in addition to two stairwells. Guide Price of £2,500,000 for the freehold interest.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

29

PRICE/UNIT

$86,207

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,585 SF

ZONING

-

APN/PARCEL ID

WSX346752

ASK ABOUT THIS PROPERTY

Leigh DohertyJacobs Steel & CompanyMore Info

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Leigh DohertyJacobs Steel & CompanyMore Info

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