Granville Road, Littlehampton, West Sussex, BN17

Property Details: • Type: Detached • Tenure: Freehold • Floor Area: N/A

Key Features: • SPACIOUS GARDEN • DOWNSTAIRS BATHROOM • CELLAR • UTILITY ROOM

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Colchester

Full Description: ATTENTION INVESTORS: RARE FREEHOLD OPPORTUNITY WITH SIGNIFICANT UPSIDE POTENTIAL IN PRIME LOCATION!

We are delighted to present an exceptional investment opportunity to acquire a substantial ground floor flat, boasting over 2,000 sq ft of versatile floor space, alongside the highly coveted FREEHOLD for the entire building.

This unique offering provides not only a magnificent expansive living or rental unit but also control over a well-established residential block comprising five additional flats.

Key Investment Highlights:

Substantial Ground Floor Flat (Over 2,000 sq ft): This impressive unit offers immense potential for various uses, including:

Premium Residential Letting: Command top-tier rental income in a desirable area.

Owner Occupation: A spacious and elegant home with additional income streams from the upper flats.

Potential for Reconfiguration (STPP): Explore possibilities for creating multiple units or a grand singular residence, subject to necessary planning permissions.

FREEHOLD Ownership of Entire Building: This is a truly significant advantage, providing:

Long-Term Control & Security: Full control over the management, maintenance, and future development of the property.

Ground Rent Income: Benefit from ongoing ground rent payments from the leasehold flats.

Capital Appreciation: Maximise the value of the entire asset over time.

Immediate Lease Renewal Opportunities: Two of the five upper flats require lease renewals. This presents an immediate opportunity to:

Generate Substantial Premiums: Secure valuable lump sums from lease extensions.

Increase Ground Rents: Negotiate favourable terms for future income.

Enhance Asset Value: Renewed leases significantly increase the market value of the individual flats and the overall freehold.

Established Income Stream: Benefit from existing rental income from the other three leasehold flats, providing immediate returns on your investment.

Prime Location: Situated in the highly sought-after Littlehampton, offering excellent transport links, amenities, and strong tenant demand. This is a strategic acquisition for investors looking to:

Diversify their portfolio with a high-value, income-generating asset.

Capitalise on immediate value-add opportunities through lease renewals.

Secure long-term capital growth through freehold ownership.

Acquire a significant footprint in a desirable property market.

Serious enquiries are invited from qualified investors.

Do not miss this rare chance to own a substantial piece of real estate with considerable upside potential.