Property photos
Just added
Leasehold
Offers in region of
£700,000
(£265.45/sq. ft)
Town house for sale
Atlantic House, Jengers Mead, Billingshurst RH142,637 sq. ft
Local area information
Property location
Nearby amenities
- Billingshurst Primary School 0.4 miles
- Weald School, The 0.5 miles
- Billingshurst 0.6 miles
- Christs Hospital 4.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Billingshurst to find out more about the local area.
Features and description
- Leasehold
- 4 x 2-bed flats
Description
The property comprises 10 flats, 6 of which have been sold off on a long-leasehold interest, with the remaining 4 now being available as part of a combined sale. All 4 flats are 2-bedroom and have been renovated to a high standard including new fitted kitchens, contemporary styled bathrooms, with each having a video entry security system.
N.B. It is considered there is potential to build 3 more flats at roof level, subject to receipt of the necessary consents. Superior Landlord’s consent has already been obtained.
Location
Billingshurst is a large village situated at the junction of the A29 and A272. Horsham is approximately 9 miles to the north-east and Midhurst is approximately 15 miles to the west. The property forms part of a modern mixed retail, office and residential development in the heart of Billingshurst known as Jengers Mead, which is home to a mixture of occupiers including a bakery, a dry cleaners, a butchers and a wine shop. Close by is a Sainsbury's Local and a Tesco Express.
Tenure
The investment is available by way of a sale of the long leasehold interest with 997 years remaining. The 4 flats are tenanted and subject to the existing AST's.
VAT
VAT is not applicable on the terms quoted.
Legal Costs
Each party to be responsible for their own legal costs.
Tenancy Information
The flats are currently producing a combined gross income of £59,160 per annum, broken down as follows:
Flat 2: £1,225
Flat 4: £1,325
Flat 5: £1,300
Flat 7: £1,080
After deducting for this year’s anticipated service charge of £14,962.20, the flats are producing a net income of £44,197.80 which can all be brought to an end within 12 months if required.
Council Tax Bands
The 4 flats all fall under Council Tax Band B.
The property comprises 10 flats, 6 of which have been sold off on a long-leasehold interest, with the remaining 4 now being available as part of a combined sale. All 4 flats are 2-bedroom and have been renovated to a high standard including new fitted kitchens, contemporary styled bathrooms, with each having a video entry security system.
N.B. It is considered there is potential to build 3 more flats at roof level, subject to receipt of the necessary consents. Superior Landlord’s consent has already been obtained.
Location
Billingshurst is a large village situated at the junction of the A29 and A272. Horsham is approximately 9 miles to the north-east and Midhurst is approximately 15 miles to the west. The property forms part of a modern mixed retail, office and residential development in the heart of Billingshurst known as Jengers Mead, which is home to a mixture of occupiers including a bakery, a dry cleaners, a butchers and a wine shop. Close by is a Sainsbury's Local and a Tesco Express.
Tenure
The investment is available by way of a sale of the long leasehold interest with 997 years remaining. The 4 flats are tenanted and subject to the existing AST's.
VAT
VAT is not applicable on the terms quoted.
Legal Costs
Each party to be responsible for their own legal costs.
Tenancy Information
The flats are currently producing a combined gross income of £59,160 per annum, broken down as follows:
Flat 2: £1,225
Flat 4: £1,325
Flat 5: £1,300
Flat 7: £1,080
After deducting for this year’s anticipated service charge of £14,962.20, the flats are producing a net income of £44,197.80 which can all be brought to an end within 12 months if required.
Council Tax Bands
The 4 flats all fall under Council Tax Band B.
Floor plans and tours
Floor plans (2)
2 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Crickmay. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Crickmay for full details and further information.