Albert Road, Bognor Regis

This corner residential property presents a compelling investment opportunity, featuring five self-contained flats with a total rental income of £43,800 per annum. Each unit has the potential for rental increases, indicating that the property may be significantly underlet. Additionally, included is a substantial parcel of land at the rear, currently utilized for car parking but offering redevelopment potential subject to obtaining necessary planning permissions. The property also benefits from a dedicated parking space at the front. Given its performance and location in the South East, this asset could yield close to 11% when properly optimized. This is an excellent chance for an investor to enhance value through strategic renovations and development initiatives.