Property Details: • Type: Apartment • Tenure: N/A • Floor Area: N/A
Key Features: • Freehold Building • Comprising Shop and Two Bedroom Maisonette Above • £12,000 per annum Rental Income from Shop • £15,000 per annum Potential Income for Maisonette • Ideal Investment • No Onward Chain • Situated within the heart of Lancing
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 20 Crabtree Lane, Lancing, BN15 9PQ
Full Description: Situated within the heart of Lancing, we are delighted to present this rare opportunity of a freehold building which boasts a unique combination of a ground-floor shop and a two-bedroom maisonette above. This property offers an ideal investment opportunity for those looking to enhance their property portfolio without the hassle of an onward chain.The ground floor of this freehold building comprises of a newsagent which generates an impressive rental income of £12,000 per annum and the current tenant has 18 years remaining on the lease. The shop enjoys a prime location making it a lucrative venture for potential investors seeking a steady return on investment in the retail sector.Ascending to the upper level of the property, you will find a delightful two-bedroom maisonette that presents an opportunity for additional income, with a potential rental yield of £15,000 per annum. The flat currently benefits from an enclosed rear garden. Lancing is a sought-after location known for its vibrant community spirit, excellent transport links, and a plethora of local amenities, including shops, restaurants, and recreational facilities. With its impressive rental income potential and desirable location, this property is not to be missed. Contact us today to arrange a viewing and explore the endless possibilities that this exceptional property has to offer.EPC Rating: EShop Front7.94m x 5.88mHallway1.03m x 3.25mAn area that separates the shop and store room. Comprises of wash hand basin and door leading outside to WC.Store Room3.98m x 3.06mWC1.54m x 0.84mMAISONETTEAccessed via the rear of the parade of shops.Kitchen2.56m x 2.3mComprising a range of wall and base units, integrated oven/hob, space for further appliances.Living Room4.81m x 3.73mBedroom One3.67m x 3.75mA spacious double bedroom.Bedroom Two2.42m x 1.99mBathroom1.88m x 2mWhite suite comprising bath with shoer over, WC, pedestal wash hand basin.GardenA good size rear garden comprising patio with the remainder being mainly laid to lawn and gate for access.
