Description

  • Freehold Residential Investment Producing £15,750 Per Annum
  • Arranged as Three Flats Over Two Floors – 2 Currently Let and One Sold Off on Long Lease
  • Centrally Located in the Port Hall District

Solicitors

ASB Law, Origin Two, 106 High Street, Crawley, West Sussex, RH10 1BF Tel: 01293 603600 FAO: Ian Greenfield

Accommodation

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ACCOMMODATION
FLAT B
STUDIO ROOM: 4.1m (into bay) x 3.5m (max). Original fireplace and cornicing. Leading to:
KITCHEN: 3.2m x 3.1m. Comprising wall mounted and undercounter units, sink and drainer. Door to courtyard garden.
SHOWER ROOM: White suite comprising shower cubicle, low level WC and pedestal wash basin.
OUTSIDE: Courtyard garden.
FLAT C
LOUNGE WITH KITCHEN: 4.3m (into bay) x 3.5m (max). Original cornicing. Kitchen area comprises wall mounted and undercounter units, sink with drainer and space for large kitchen appliance.
BEDROOM: 3.1m x 3m (narrowing to 2.2m). Door to garden.
SHOWER ROOM: White suite comprising shower cubicle, low level WC and pedestal wash basin.
OUTSIDE: Courtyard garden.
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TENANCY SCHEDULE
FLAT A: (1st Floor Flat): Sold off on 125 year lease from 19th December 2003.
GROUND RENT: £150 Per Annum
SERVICE CHARGE: Contribution of 50% towards maintenance and insurance.
FLAT B: Let on a periodic Assured Shorthold Tenancy for 1 year from 1st April 2014 at £650 per calendar month. FLAT C: Let on a periodic Assured Shorthold Tenancy for 1 year from 12th May 2014 at £650 per calendar month. TOTAL INCOME: £15,750 Per Annum

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.