Nairn House, Artex Avenue, Rustington,, Littlehampton

Nairn House, Artex Avenue, Rustington,,
Littlehampton, West Sussex, BN16 3LN

For Sale

Offers in excess of £1,300,000

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Unbroken Income Producing Residential Investment Opportunity

Location

Rustington is a thriving and popular village located on the south coast in between the cathedral city of Chichester (15 miles west), the seaside town of Worthing (8 miles east) and the city of Brighton (20 miles east). Rustington has superb road connectivity with the A259, A24 and A27 roads all within easy distance of the subject property. Angmering mainline railway station with its regular services along the southcoast and north to London Victoria (journey time of 1 hour 35 minutes) is situated approximately 2 miles to the north. The village centre with its array of national and independent shops, eateries and public amenities is a five minute walk away from the property whilst the popular seafront and greensward is within 10 minutes.

Description

A rare opportunity to acquire an unbroken residential freehold building producing a current income of £90,288 Per Annum. The property was converted under permitted development rights (R/171/16/PD) in 2016 to create 6x Studio apartments and 6x One Bedroom apartments with 15 external parking spaces and communal bin store. The property has been fully let for over 7 years with very low void periods with both private and local authority tenants. The majority of apartments benefit from laminate / carpeted flooring, secure entry phone system, electric heating, electric cookers and electric showers. The apartments are presented in good condition throughout.

Accomodation

Name/FloorSq FtSq MAvailability
Ground Flat One46343.01Available
Ground Flat Two31228.99Available
Ground Flat Three39836.98Available
Ground Flat Four46343.01Available
1st Flat Five51647.94Available
1st Flat Six22621Available
1st Flat Seven22621Available
1st Flat Eight51647.94Available
2nd Flat Nine51647.94Available
2nd Flat Ten22621Available
2nd Flat Eleven22621Available
2nd Flat Twelve51647.94Available
Total4,604427.73 

Terms

Freehold, subject to the tenancies noted within these marketing particulars.

Council Tax

Each apartment has a Council Tax banding of A. Further information can be obtained by speaking to Arun District Council's Business Rates & Council Tax department.

Summary

  • Situated in Popular Village of Rustington
  • Current Income £90,288 Per Annum
  • Potential To Increase Rents / Break Up / Asset Manage
  • Converted in 2016
  • Rare Freehold Opportunity
  • Viewing Highly Recommended