Apartment for sale in West Street, Bognor Regis, West Sussex, PO21

Description

Situated in the heart of Bognor Regis, this one-bedroom top floor flat is conveniently located within a short walk of the seafront, town centre and railway station, offering an excellent investment opportunity with the potential for a gross yield in excess of 13%.

The property comprises a reception room, kitchen, bedroom and bathroom, and requires only minor cosmetic improvement. It also benefits from a lease in excess of 100 years, making it an attractive proposition for both investors and owner-occupiers.

West Street enjoys a highly convenient central location, within easy reach of Bognor Regis railway station, a wide range of shops, cafés and restaurants, together with the promenade and beach.

The property's proximity to local amenities and excellent transport links continues to support strong tenant demand, making it particularly attractive as a buy-to-let investment.

Council Tax Band B

Room Details

Auction

To be sold by online auction (unconditional) on Thursday 27th August 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view

Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration

All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure

Leasehold with vacant possession.

Lease

125 years from 1st November 2004 - 103 years remaining

Ground rent and service charge

Please see legal pack for further details.

EPC rating

Council tax band

B - Arun

Legal pack

For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide prices

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees

A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit

If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction offers

These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance

We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.