Lot 82 Town Centre Studio Flat For InvestmentAuction Date:
1st November 2024
Flat 1, 13 Linden Road, Bognor Regis, West Sussex, PO21 2AL
Currently let at £7,200 per annum, rising to £8,400 per annum
Situated on Linden Road, this first floor studio flat is a short walk from the centre of Bognor Regis with all of its shopping and other amenities including the railway station across the road. The flat is let under the terms of an Assured Shorthold Tenancy Agreement and is considered ideal for continued use as a letting investment.
Accommodation
Open plan living/bedroom, kitchen and bathroom with W.C.
Tenure
Remainder of a 999-year lease from 1st June 1989 at a current ground rent of £200 per annum.
Tenancy
Let under the terms of an Assured Shorthold Tenancy agreement from 12th February 2017 at a current rental of £600 per calendar month, rising to £700 per calendar month effective 12th November 2024.
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
