1 bedroom property
Key information
Features and description
- Freehold Investment
- Centrally Located
- 3x Self Contained Flats (1x 1 bed 1x 2 bed 1x studio)
- Gas Heating
- Currently Generating £2,165 PCM
- Parking for 2 Vehicles
Discover a superb investment opportunity in this prime property located in the heart of Bognor Regis. Currently yielding £2,095 per month in rental income, with potential for future increases, this investment promises stable returns. Recent renovations ensure modern comforts and aesthetics, minimising maintenance concerns for hassle-free ownership. The most notable upgrades include new gas boilers to all flats as well as new double glazing throughout.
Situated near the mainline railway station and just a short stroll from the picturesque Bognor Regis beach, this property boasts a desirable location. Two dedicated parking spaces at the rear provide added convenience for tenants, enhancing the property's appeal.
Whether you're an investor seeking a lucrative addition to your portfolio or a discerning buyer looking for a promising opportunity, this investment block in Bognor Regis is not to be missed.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Longford Road, in the heart of Bognor Regis. Situated near the mainline railway station and just a short stroll from the picturesque Bognor Regis beach, this property boasts a desirable location.
Transport Links: Easy commuting options via the mainline railway station.
Leisure Amenities: Explore Bognor Regis's sandy beaches and recreational activities.
Local Attractions: Cultural venues, dining spots, and shopping destinations within easy reach.
Accommodation
Recent renovations ensure modern comforts and aesthetics, minimising maintenance concerns for hassle-free ownership. The most notable upgrades include new gas boilers to all flats as well as new double glazing throughout. Two dedicated parking spaces at the rear provide added convenience for tenants, enhancing the property's appeal.
Rental Details
Flat 1 – Ground floor 2-bedroom flat
Rental Income – £825 pcm
Flat 2 – First floor 1 bedroom flat
Rental Income – £695 pcm
Flat 3 – First & Second Floor Studio
Rental Income - £645 pcm
Tenure
Freehold. Title number WSX335562.
Council Tax
Flat 1
Council Tax Band - B (Arun District Council)
Flat 2
Council Tax Band – A (Arun District Council)
Flat 3
Council Tax Band – A (Arun District Council)
EPC
Flat 1
EPC – D
Flat 2
EPC – C
Flat 3
EPC – D
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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