Description

  • Leasehold Two Bedroom Second Floor Apartment and Garage
  • Currently Let on Assured Shorthold Tenancy Producing £8,400 Per Annum with Rental Uplift Potential to £9,300-£9,600 Per Annum
  • Sought After Location Close to Town Centre
LOCATION Conveniently situated within Carlingford Court just off Victoria Drive. The town centre with its comprehensive shopping facilities and mainline railway station are within walking distance. Excellent road links to the surrounding areas are provided by the B2259 and A29 with Chichester located approximately 6 miles to the west and Brighton 30 miles to the east.
DESCRIPTION This two bedroom apartment forms part of the second floor of a purpose built block. The property benefits from double glazing, gas central heating and a garage. The property is currently let on a periodic assured shorthold tenancy producing £8,400 per annum however, it is considered there is rental uplift potential to approximately £775-£800 per calendar month thus increasing the potential annual income to £9,300-£9,600. TENURE Leasehold subject to existing tenancy TENANCY Let on a periodic assured shorthold tenancy at £700 per calendar month. Original tenancy from 25th July 2013 with the most recent tenancy agreement signed 25th January 2017 until 24th January 2018. OUTGOINGS LEASE: 189 years from 25th March 1988 GROUND RENT:£100 per annum SERVICE CHARGE: We are advised that the service charge is £225.43 per quarter. Please refer to the legal pack for confirmation.

Solicitors

Bennett Griffin, 1 Liverpool Gardens, Worthing, BN11 1TF Tel: 01903 229999 FAO: Jeremy Wootton

Accommodation

Column 1 Column 2
ACCOMMODATION Hallway: Built-in storage cupboard Reception Room: 4.9m x 4.2m. Bedroom 1: 4m x 3.7m. Bedroom 2: 3.4m. x 2.7m. Kitchen: 3.3m x 2.7m. Bathroom: White suite comprising side panelled bath with shower over, low level WC and wash hand basin. OUTSIDE: Garage

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.