5 bed block of flats for sale

Gloucester Road, Bognor Regis PO21

Our Comments

Located just 85 meters from the Bognor Regis seafront promenade, is this substantial semi detached property that has been used as a guest house since 1927. The current seller lives in one the top floor units and has recently made the decision to retire. There are no current bookings, however the seller is in a position to assist the purchaser to re-start the process and share industry contacts and customers if requested.

The property is offered for sale with no forward chain and comprises:

Ground Floor Front Unit:
Beautifully presented, furnished, and ready for immediate occupation, this unit has a lounge, bedroom with a very large ensuite shower room, and a small utility area. This unit also benefits from its own private entrance at the side of the building.

Ground Floor Rear Unit:
Accessed via its own private entrance at the rear, this unit has a lounge with a kitchen area, large bedroom with its own ensuite bathroom and a further main bathroom. It has a natural exclusive use of a large rear garden that is walled. This unit is currently being used as a store (supporting action on the upstairs front unit), however, it will be ready for occupation once cleared and appears to be in good order (based upon our limited inspection).

First Floor Front Unit
This unit has been partly refurbished / re-constructed and will require further investment to complete. This will not be completed by the seller. The kitchen and bathroom hardware is either already partially fitted or is present awaiting action. When completed, the unit will represent a brand new 1 bedroom unit with a large lounge, a very nice separate kitchen and a large shower room.

First Floor Rear Unit
Used by the seller as their current home, this is a 2 bedroom unit with a shower room and a kitchen area in the lounge. It also benefits from a small terrace that overlooks the rear garden.

Ground Floor Front Unit: Reception Room - 5.23m x 3.63m max (17'1" x 11'10")

Kitchen - 3.61m x 1.42m (11'10" x 4'7")

Bedroom 1 - 3.5m x 3.11m (11'5" x 10'2")

Ensuite - 3.13m x 1.34m (10'3" x 4'4")

Ground Floor Rear Unit: Reception/Kitchen - 5.11m x 4.03m (16'9" x 13'2")

Bedroom 2 - 4.49m x 3.37m (14'8" x 11'0")

Ensuite

Bathroom - 2.46m x 1.69m (8'0" x 5'6")

First Floor Front Unit: Reception Room - 5.07m x 3.34m (16'7" x 10'11")

Kitchen - 5.07m x 1.71m (16'7" x 5'7")

Bedroom 3 - 3.54m x 3.2m (11'7" x 10'5")

Shower Room - 3.01m x 1.69m (9'10" x 5'6")

First Floor Rear Unit: Reception/Kitchen - 5.08m x 3.67m (16'8" x 12'0")

Bedroom 4 - 3.91m x 3.4m (12'9" x 11'1")

Shower Room

Bedroom 5 - 3.16m x 2.65m (10'4" x 8'8")

Historical Income Values
The seller advises us that historial room rates vary with the season and general demand. Some rooms have been rented on a per-person per-night basis and are not limited to just a per-unit price. Values achieved over the period covering 2022 to 2025 were:

Ds Front: Between £110 for the unit room and £70 per person per night x 3 single beds
ds Rear: Between £110 for the unit room and £70 per person per night x 3 single beds.
Us Front: Between £110 and £195 per night.
Us Rear: Between £95 and £110 per night.

We note that while some parts of the property are beautifully presented and ready to go, there are several areas that need some investment and tlc. Security cameras are installed to the common areas and the furniture is intended to be included in the sale.

The property is clearly suited for those wishing to operate a professional hospitality business, and owner occupiers that rent out rooms to generate their income.

Material Information

Council Tax: tbc - Under Assessment
Property Type: Conversion
Property Construction: Standard
Electricity, Water, Drainage Supply: Mains
Heating: Electric

On 18/03/2025 information from the Ofcom Website shows:

Broadband
Availability
Max Down
Max Up

Standard
✓
20 mbps
1 mbps

Superfast
✓
80 mbps
20 mbps

Ultrafast
✓
1800 mbps
1000 mbps

Mobile
Indoor
Outdoor

Voice
Data
Voice
Data
EE

Limited
Limited
Likely
Likely

Three
Likely
Likely
Likely
Likely

O2
Limited
Limited
Likely
Likely

Vodafone
Limited
Limited
Likely
Likely

Anti Money Laundering Checks. The Government requires estate agents to carry out Anti Money Laundering checks on all purchasers. Before we can send out a Memorandum of Sale to liven your purchase, Clarkes must verify and hold evidence on file for each buyer of: Identity & Address, Source of Funding, and establish whether buyers are Sanctioned Individuals (si) or Politically Exposed Persons (pep) This will be a check conducted by Verify, an independent third-party Company. The cost is £30 per person and is payable before a Memorandum of Sale is issued. If you already have a copy of a pep & si check conducted by Verify (or a similar service) that is less than three months old, please let us know as we may be able to re-use it.