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Property Listing Details

9 bed block of flats for sale

Orchard Street, Chichester PO19

  • Sold subject to contract
  • Investment

£1,000,000

Property details

  • 9 bedrooms
  • 5 bathrooms
  • 9 reception rooms

Features

  • Fantastic investment opportunity
  • Freehold income producing asset
  • 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%
  • Fully occupied
  • Central chichester location

Listing view statistics

Last 30 days: 1 page view

Since listed: 1320 page views

Description

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.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Chichester 0.5 miles
  • Fishbourne (Sussex) 1.4 miles
  • Central CofE Academy 0.1 miles
  • Lancastrian Infants' School 0.1 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Chichester 0.5 miles
  • Fishbourne (Sussex) 1.4 miles
  • Central CofE Academy 0.1 miles
  • Lancastrian Infants' School 0.1 miles

Market stats

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The Agent

Price history

Sold prices provided by Land Registry
17th Oct 2018 £1,000,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Nexa Properties Limited. 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 Nexa Properties Limited for full details and further information.