Lot 39 Freehold Residential Investment Producing Just Over £26,000 Per AnnumAuction Date:
5th May 2022
61 Ockley Road & 1D Linden Road, Bognor Regis, West Sussex, PO21 2AL
Currently let at £26,100 per annum
These two properties are held on a single freehold title and comprise a terraced four-bedroom house and one-bedroom cottage both arranged over two floors. They are both let and produce just over £26,000 per annum and have double glazing throughout.
They are situated within close proximity of Bognor Regis town centre with its comprehensive shopping facilities and amenities including mainline railway station and seafront. There are excellent road links to all surrounding areas via the A29/A259.
61 Ockley Road
Ground Floor
Entrance hall with stairs to first floor, bedroom, living room, kitchen with glazed door to rear garden, inner lobby, shower room and W.C.
First Floor
Landing, three bedrooms and W.C.
Outside
Patio gardens to the front and rear.
Council Tax Band C
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £1,550 per calendar month.
1D Linden Road
Ground Floor
Entrance hall with stairs to first floor and living room with open plan kitchen.
First Floor
Bedroom with en-suite shower room and W.C.
Outside
Front patio area.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £625 per calendar month.
Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
