Annual rental income of £51,720 when fully occupied
Five self contained apartments
Three 1 bedroom apartments
One 2 bedroom apartment on first floor
One 3-4 bedroom penthouse apartment on 2nd floor
Rental yield of 5.2%
Central chichester location
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64-72 Orchard Street is a unique investment opportunity offering five self-contained apartments over 3 floors, located in a desirable city location which is popular with young professionals, hospital employees, theatre staff and city workers as a rental location. The property was developed around 10 years ago by a reputable construction company and has been owned by the same owner since the refurbishment as a buy to let investment building. Orchard Street neighbours the city walls of Chichester city centre. The original flint structure of the city wall forms the rear boundary of the communal garden which all properties look out onto. Located just a 10 minute walk from the train station, university and city centre it is perfectly positioned for tenants studying or people working in and around the city centre.Chichester has been a popular second home and property investment location for many years. The rental market remains particularly buoyant with encouraging average rentals prices.
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Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.