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229 Oving Road, Chichester, PO19

7 Bed │ 7 Bath │ 7 Rec

Guide Price £900,000

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Chichester

Richard Longhurst

Partner

Key features

  • Being sold as a whole
  • Freehold investment opportunity
  • Current annual yield of £67,320
  • Arranged over three floors
  • 7 flats (all currently let on AST's)

Full description

Half a mile level walk from the city centre, this property was originally a nursing home being split in 1998 to become bedsits. Each flat has its own kitchen and bathroom, along with their own electricity and water meters. All heating is via electric underfloor heating (NB gas supply has been removed from the property). Each flat has its own council tax (Band A £1,483.40) and epc and are recognised as individual properties. There is a communal satellite dish (tenants arranging own subscriptions). To the rear there is a bin storage area. The freehold of the building is being sold for a guide price of £900,000.

All flats are on an Assured Short Tenancies and currently bring in a yield of £67,320 per annum.

Lower Ground Floor Flat 1 (One bedroom, own front door and outside space)

Flat 2 (one bedroom, own front door and outside space)

Ground Floor Flat 3 (Studio)

Flat 4 (Studio)

Flat 5 (one bedroom with courtyard garden)

First Floor Flat 6 (one bedroom maisonette)

Flat 7 (one bedroom maisonette)

Proceed east out of Chichester along The Hornet turning left at The Four Chesnut public house into Oving Road. The property is a short distance along on the right.

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Situation

The cathedral city of Chichester offers excellent high street shopping, many fashionable restaurants, cafes and bars, Festival Theatre and a mainline station to London Victoria. Goodwood is famous for its many event days including the world renowned Festival of Speed and Goodwood Revival for motor racing enthusiasts and a season of horse racing including the Qatar Goodwood Festival. There are excellent sailing facilities around Chichester Harbour and windsurfing from the beaches at West Wittering. The area is a paradise for wildlife enthusiasts, with beautiful walks and cycle tracks over the South Downs and around the harbour.

Council Tax Band: A

Tenure: Freehold

Why live in Chichester?

We consider ourselves very lucky to be working in a city that blends so many different architectural styles, from elegant Georgian buildings to contemporary new apartments and waterside properties that overlook the harbour.

In 2013, The Sunday Times listed Chichester as one of the top places to live in the UK with ‘something for everyone’ – and they weren’t wrong. Chichester is a cathedral city, a county town and home to some of the oldest churches and buildings in the country. There are many well-regarded public and state schools in the local area with further and higher education options available from Chichester College, West Dean College and the University of Chichester. Our great schools have always made Chichester very appealing for those looking for the perfect place to raise a family.

Our city centre is a shopper’s paradise and there are great places to eat and drink, from elegant restaurants to cosy cafés and pubs, all set along the city’s four main streets. Chichester Cathedral on West Street dominates the skyline and, on summer afternoons, its grounds are filled with local people enjoying picnics. In the evenings, the Cathedral plays a central part in the city’s nightlife by hosting classical music events.

Chichester has a number of public parks, the Chichester Tennis and Racquets Fitness Club and Westgate Leisure Centre, where you’ll find a large swimming pool and skate park and, if sailing is your thing, Chichester Harbour is a haven for you. There really is so much to do here you’ll be spoilt for choice; spend the day on one of the many local beaches, stretch your legs on the stunning South Downs or catch a show at the Festival Theatre before it moves to a permanent home in London’s West End.

If you’d like to buy, sell or let a property in Chichester, get in touch with your local team and discover the Henry Adams difference for yourself.

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