.png){kind=logo}
Terminus Road, Littlehampton
£80,000
- Freehold Ground Rent Investment with Planning Permission for 8 New Flats
- Ground Rent Income and Significant Reversionary Value
- 5 Flats with 57 Year Unexpired Leases
- 3 Flats With 83 Year Unexpired Leases
- Extremely Popular Central Location
Freehold Ground Rent Investment with Planning Permission Granted for 8 New Flats,
Freehold residential Investment comprising of 15 flats, all sold off on long leases with significant reversionary value as there are:
5 flats with 57 year unexpired leases
3 flats with 83 year unexpired leases
The current ground rent income we are advised is £210 per annum
In addition, on the 8th October 2024 under appeal reference number APP/C3810/W/24/3346379, planning permission was granted for an additional 2 floors to be built on the existing roof comprising of 8 flats with the configuration being:
2 x Studio Flats
5 x 1 Bedroom Flat
1 x 2 Bedroom Flat
To view the original planning application under reference number LU/305/23/PL please visit
https://www.arun.gov.uk/planning-application-search/
Located within this popular location close to the town centre and mainline railway station close to just about everything anyone might require.
The freehold is being sold subject to the provisions of Section 5a of the Landlord & Tenant Act 1987.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property data and search facilities supplied by www.vebra.com