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1 Bedroom Flat

Central Buildings, London Road, Bognor Regis, PO21

Guide price £ 60,000

Call the Auctions team on 01344 753 120

Features:

  • SOLD BY AUCTION
  • SOLD FOR 70,000

 

Property Description:

SOLD BY AUCTION FOR £70,000 - A vacant 1 bedroom first floor flat which has been recently refurbished, good investment potential. Estimated rental value £575 PCM representing a gross yield of 9.85% per annum.

 

AUCTION DATE

To be sold by public auction on Thursday 27th February at 1:30pm at Green Park Conference Centre, 100 Longwater Avenue, Green Park, Reading, Berkshire, RG2 6GP

TO VIEW

Viewings will be held on a block basis. YOU DO NOT NEED TO BOOK BUT PLEASE ARRIVE AT THE STATED TIME: * Tuesday 4th February at 12.30 * Thursday 6th February at 12.30 * Tuesday 11th February at 12.30 * Thursday 13th February at 12.30 * Tuesday 18th February at 12.30 * Thursday 20th February at 12.30

PRE-REGISTRATION

All bidders/potential buyers are required to pre-register ahead of the auction date to be able to bid/buy, please visit our website or contact us.

LOCATION

* Bognor Regis town centre * Mainline rail service to London Victoria * Transport links to Chichester * Close to the sea front

DESCRIPTION

* First floor flat * Recently modernised * Good investment potential

ACCOMMODATION

Open plan kitchen/living room, shower room, bedroom

EPC RATING

F

TENURE

Leashold with vacant possession

LEASE

99 years from 31 March 2000

LOCAL AUTHORITY

Arun District Council - 01903 737500

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 from Friday 31st January. You will then receive notifications once the Legal Pack is received from the solicitor.

GUIDE PRICES

Guide prices are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.

ADDITIONAL FEES

A buyers charge is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.

 

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