Vicarage Lane, Bognor Regis, West Sussex, PO22

This residential investment property features a historic two-storey building that currently comprises 11 one-bedroom flats, with the potential for expansion through a pending application for three additional units. Located near the popular seaside destination of Bognor Regis, the property spans approximately 0.44 acres and generates an annual income of £122,400. While some flats are already refurbished, others present opportunities for enhancement, including the addition of allocated gardens and individual parking spaces to increase rental value. Although the property is situated within a local conservation area, it is not listed, allowing for more flexible renovation options. Given its prime location with excellent transport links to London and Brighton, this property not only represents a solid investment but also offers significant potential for value appreciation through strategic renovations.