Chapel Street - Chichester - LP

Description:
A collection of six residential apartments comprising five two-bedroom and one one-bedroom apartments arranged on the first, second and third floors with their own self-contained entrance. Each apartment has been thoughtfully finished to a high standard, with open-plan kitchens and living spaces.

Investment Highlights: Investors can expect high yields ranging from 11% to 14%, facilitated by short-term lets. There are no ground rent obligations, and the service charge is kept low. Additionally, there is no risk of rent in the first year.

Location Highlights: Chichester, an affluent and historic Cathedral city in West Sussex, boasts a central location that is pivotal to its thriving economy. With tourism serving as a cornerstone, the city draws in over 2.5 million day visitors annually. Its strategic positioning is underscored by its mere one-minute walk to Chichester Cathedral and a five-minute walk to Chichester Station. Furthermore, its close proximity to major cities like Birmingham and Wolverhampton adds to its allure and accessibility.

Property Highlights: The project comprises six residential apartments, offering five two-bedroom units and one single-bedroom apartment. It has been fully constructed to a high standard, featuring open-plan kitchen and living spaces. The construction is complete, and the property is finished. It is held under a long leasehold agreement for a term of 999 years at a peppercorn rent.

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Chapel Street – Chichester