Bognor Regis is a beautiful coastal town and regularly tops the UK charts for the most sunshine hours in a year! It has some of the finest beaches in Britain (and the winner of the coveted European Blue Flag Award). It is a great place to visit as well as live, including all the fun and attractions needed for a great family break, or a refreshing weekend visit.

It is ideally situated for our children’s home project, as it is a safe and affordable area, with great amenities with the seaside nearby and easy access to nearby Chichester, Portsmouth, Brighton, and London.

Features:
Number of current bedrooms:
- 6 bedrooms
Number of proposed bedrooms:
- 6 bedrooms +sensory room + office space
Tenure:
- Freehold
Number of current bathrooms:
- 2.5 bathrooms
Number of proposed bathrooms:
- 3.5 bathrooms
Occupancy status:
- Elderly couple, down-sizing
Investment strategy:
A) Rental on children’s home basis, agreed at double market rental £4,000pm Gross
B) Holiday let- approximate average rental ~ £4,000pm
C) Single let ~ £2,500pm
D) Sale - Value ~£675,000

The financials:
▪ Purchase price: £380,000
▪ GDV: £675,000
▪ Refurb costs: £80,000
▪ Purchase costs: £11,576
▪ ROCE: 15%
▪ Profit once sold: £142,475

▪ Annual gross rental: £48,000

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.