2 bed Flat For Sale £255,000
Ferry Road, Shoreham-By-Sea BN43

This is an investment opportunity to purchase an apartment in Shoreham-by-Sea generating £11,940 rent pa and a gross yield of 4.7%.

Leasehold information:

* Length of lease: 99 years
* Year lease started: 2018

Property information:

* First floor apartment
* Open plan living/kitchen/diner
* Recently underwent a full renovation, see details below
* EPC rating D

Renovation details:

The apartment has been fully renovated and the following works were carried out:

* New windows and doors throughout
* Replastered and decorated
* New wiring and lighting
* New plumbing
* New flooring throughout
* The building has been repointed
* New entrance door installed including an internal intercom system
* New boiler
* New bathroom
* New kitchen including appliances:
* integrated washing machine
* dishwasher
* hob
* oven
* free standing fridge freezer

Summary:

2 bedrooms; 1 bathroom; 1 reception
Price: £255,000 Leasehold
Ground rent: £100
Service charge: £600
Length of lease: 99 years
Year lease started: 2018
Rental income: £995 pcm; £11,940 pa
Gross yield: 4.7%
Tenancy type: AST
Tenancy start date: 01/09/2019
Tenancy end date: 31/05/2020

ves-BN43-001

The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.