Description

  • Freehold Detached Bungalow with Garage Occupying a Double Sized Plot
  • Currently Let to a Statutory Tenant Producing £4,160 Per Annum – Potential for Significant Rental Uplift by Way of an Application to have the Rent Registered
  • In Need of Updating and if Vacant Offers the Potential for Re-Development into Two Separate Dwellings (STNC)
DESCRIPTION A two bedroom detached bungalow believed to have been built in the 1920s/30s in a manner/style appropriate for the period and appears to have been clad externally in more recent times. The property comprises lounge, two bedrooms, bathroom//WC and kitchen. The property is currently let to a Statutory Tenant under the 1977 Rent Act at a rental of £4,160 per annum (£160 every two weeks) and it is believed there is potential for significant rental uplift by way of an application to have the rent registered. The property benefits from a detached garage and good sized west facing garden. The property is in need of updating and it is considered if vacant has the potential to be re-developed into two separate dwellings.(subject to necessary consents). PLEASE NOTE THAT WE HAVE NOT BEEN ABLE TO INSPECT THIS PROPERTY AND THAT INTERNAL VIEWINGS ARE NOT POSSIBLE. TENANCY Currently let to Statutory Tenant under the 1977 Rent Act at a rental of £4,160 per annum TENURE Freehold subject to existing tenancy

Solicitors

Quality Solicitors Barwells, 10 Sutton Park Road, Seaford, BN25 1RB Tel: 01323 899331 Contact: Paul Chaloner

Guide Price & Reserves

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