Property type: Two flats
Asking price: £300,000
Rent: Combined annual income of £15,720
Yield: 5.24 per cent
Two properties in Worthing with excellent investment potential are available to buy and have been named as our top investment opportunity for August.
The flats must be sold together and provide a combined gross annual rental income of £15,720, helping to deliver an impressive yield of 5.24 per cent. Both properties are currently let under assured shorthold tenancy agreements, providing security to an investor as you can enjoy a return from day one.
Flat 1 is located in St Georges Road and comprises a studio layout with a communal entrance, a large kitchen-diner and a fitted bathroom. This property is offered for sale on a freehold basis.
The second flat is found in South Farm Road in the popular Broadwater area. This two-bedroom property includes a private entrance, a kitchen, a bathroom and separate WC, a private rear garden and is also available on a freehold basis.