Lot 3 Six-bedroom Guest House For InvestmentAuction Date:
11th December 2024
Jubilee Guest House, 5 Gloucester Road, Bognor Regis, West Sussex, PO21 1NU
Jubilee Guest House is situated on Gloucester Road very close to the popular Butlin’s holiday park and Bognor Regis seafront with only a short distance to the railway station and the town centre with all the amenities on offer.
The property comprises letting rooms across two floors. The utilities have been split so each room has individual electricity and water supplies with their own entrances from the shared communal hallway. The communal areas also have a CCTV system in place with a communal fire alarm servicing the whole building.
Three rooms are currently finished and ready for occupation whilst the fourth room requires completion. There may be scope and potential to extend the property or change the use to form individual dwellings, subject to all necessary consents being obtainable.
Ground Floor
Room 1
Living room, bedroom, kitchen, wet room with W.C, storage cupboard and access to side path.
Room 2
Open plan living room/kitchen, wet room with W.C, bedroom, utility/laundry room, accessible ramp to garden.
First Floor
Room 3
Open plan living room/kitchen with balcony overlooking garden, two bedrooms, bathroom with walk in shower and W.C, utility area.
Room 4
Entrance hall, living room, kitchen, two bedrooms, bathroom with walk in shower and W.C.
Outside
Car parking to front and communal garden to rear.
EPC to be advised
Council Tax Band C
Local Authority
Arun District Council. Tel: 01903 737756. Web: arun.gov.uk.
Auctioneer's Note
We are aware the seller has started to convert the rooms to individual dwellings and as such three residential EPC’s have been provided. The fourth dwelling is incomplete so no EPC has been provided. We are not aware of any Planning applications nor Building Regulations having been approved by the Local Authority.
Freehold with Vacant Possession
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
