1 bedroom flat

Guide £180,000 * For sale by Online Auction on 12th September 2024 *  Pre-Auction offers considered 

Home / Investment Opportunity - Eastbrook Way, Portslade

A fantastic opportunity to buy a one bedroom ground floor flat which includes the freehold of the building, loft space, garage, and hardstand parking to the front. there is 111 years remaining on the lease

The upstairs flat has been sold off and has 61 years remaining on the lease.

Ground floor flat

Leasehold flat with 111 years remaining, private street entrance leads through a porch into the hall, the lounge has a southerly aspect bay window and space for a dining table, door through to the bedroom with sliding door onto a conservatory. There is a separate fitted kitchen with door to the bathroom and rear door to a covered walkway leading to the garage and out to rear garden.

Freehold

Included is the freehold to this converted house which has the loft space (accessed via first floor flat) the front hardstanding with space for a car and a garage accessed via a shared driveway

The first floor flat is owned separately and has it's own garden space, the Lease has 61 years remaining. 

Location

Set within a close on the border of Portslade and Southwick, a short walk to Southwick Recreation Ground and Playpark along with Southwick leisure centre.

Easy access to the seafront A259 road with regular bus service to neighbouring Brighton to the East and Worthing to the West. Train connections to London and along the coast via Southwick and Fishersgate stations.

Leasehold info

Ground floor - 111 years remaining 

(not included) First floor 61 years remaining

Modern T's & C's

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5,940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

*Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

*Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.