- Freehold Mixed Investment Arranged as Ground Floor Retail Unit with Residential Upper Parts Producing £10,240 Per Annum
- One Flat Let, One Vacant & Two Sold on 73 Leases
- Prominent Corner Location Close to Town Centre and Railway Station
Wannops LLP, York Road Chambers, York Road, Bognor Regis, PO21 1LT Tel: 01243 864001 FAO: Paul Green
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FRONTAGE TO LINDEN ROAD: 5.7m WIDTH: 4.8m
FRONTAGE TO OCKLEY ROAD: 5.3m DEPTH: 4.9m
Door to cloakroom with low level WC and wash hand basin.
REAR TREATMENT ROOM: 5.9m x 3m. Electric heater. Door to under stairs kitchen: sink unit, meters and storage.
REAR STORE ROOM: 2.7m x 1.9m
|Flats 1 (First Floor Front) & Flat 3 (Second Floor) have been sold on long leases|
|FLAT 2 – First Floor Rear
HALLWAY: Storage cupboard, access to roof space.
LOUNGE: 4.7m (into bay) x 3m narrowing to 1.4m. Night storage heater and door entry phone. Door to:
KITCHEN: 1.9m x 1.5m. Comprising white units with sink and washing machine.
BEDROOM: 2.8m narrowing to 2.7m x 1.6m. Recessed wardrobe cupboard and night storage heater.
SHOWER ROOM: Comprising pedestal wash basin, low level WC, tiled shower cubicle with fitted electric shower unit.
|FLAT 13A Own street access from Ockley Road
LOUNGE: 3.8m x 3.9m narrowing to 2.6m. Open staircase to first floor.
BEDROOM: 2.1m x 2.9m. Built in storage cupboards.
KITCHEN: 2.9m narrowing to 2.5m x 2.5m. Comprising white units, sink and space for two large kitchen appliances.
SHOWER ROOM: Comprising pedestal wash basin, low level WC, fully tiled shower cubicle with fitted electric shower unit.
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|GROUND FLOOR RETAIL: Currently let on 3 year term on an internal repairing and insuring lease at a passing rent at £5,400 per annum.||FLATS 1 & 3: Both sold on 99 year leases from 1st June 1989 (73 years remaining)
Ground Rent: £50 per annum for first 25 years followed by an increase of £25 for every 25 year increment thereafter.
Service Charge: Contribution of 1/5 towards maintenance and insurance.
|FLAT 2: Currently let on an Assured Shorthold Tenancy from 23rd August 2011 at £395 per calendar month. The term comes to an end on 22nd February 2015 whereupon they will be on a rolling contract.||FLAT 13A: Currently vacant but recently let at £450 per calendar month|
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.