Lot 105 Flat For Investment Producing £10,800 Per AnnnumAuction Date:
16th June 2022
Flat 5, 8 High Street, Worthing, West Sussex, BN11 1NU
Currently let at £10,800 per annum
Estimated rental value £13,200 per annum
This recently converted two-bedroom flat forms part of the second floor (front) of this brick built bay-fronted building with its own lift. It is let at present on an Assured Shorthold Tenancy and produces £10,800 per annum.
The flat has contemporary fixtures and fittings, including a high gloss kitchen with integrated appliances, and a luxury bathroom and en-suite unit. It has a gas heating system via radiators, double-glazing throughout and is offered for sale in good decorative order. It is situated in the heart of the town centre, close to the seafront, local shopping facilities and local amenities.
Ground Floor
Communal entrance hall with access to stairs and lift.
Second Floor
Entrance hallway, storage cupboard with plumbing and space for washing machine. Living room with incorporated kitchen, main bedroom with en-suite shower room/W.C., bedroom two and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £900 per calendar month.
Tenure
Remainder of a 125-year lease from 1st January 2016 at a current ground rental of £275 per annum.
Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Messrs Jacobs Steel
01903 206000
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
