Lot 86 Studio Flat In Centre Of Bognor Regis For InvestmentAuction Date:
20th March 2024
Flat 1, 7-11 Clock Walk, High Street, Bognor Regis, West Sussex, PO21 1SG
Currently let at £9,000 per annum
This ground floor studio flat is located within a purpose-built block of flats and is offered for sale in good decorative order throughout with modern fixtures and fittings.
The property is situated in this popular residential area set back from The Esplanade of Bognor Regis Promenade in the heart of the local shopping facilities and amenities, with more comprehensive facilities available nearby, including the Bognor Regis mainline railway station. There are excellent road links to Worthing and Chichester via the nearby A259 and A27.
Ground Floor
Door entry phone, living room/bedroom area, kitchen and bathroom with shower and W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.
Council Tax Band A
Tenure
Remainder of a 125-year lease from 1st January 2022 with a peppercorn ground rent.
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
