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
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.