Lot 86 - Studio Flat In Centre Of Bognor Regis For Investment
Flat 1, 7-11 Clock Walk, West Sussex, PO21 1SG
Guide Price: *
£65,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£65,000Bid history
0 bidsCurrently 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.
Summary
- Lot number
- 86
- Auction end
- 20th Mar at 13:28
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 86
- Auction end
- 20th Mar at 13:28
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Sussex & Surrey
01273 504232
83 Bates Road, Brighton, East Sussex, BN1 6PF
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
