Description

  • Leasehold Double Bedroom First Floor Apartment with Allocated Parking Space
  • Ideal First Time Buy / Buy-to-Let Investment
  • Sought After Location Close to Town Centre & Train Station
DESCRIPTION This one double bedroom apartment forms part of the first floor of this purpose built block. The property is in need of some updating however, benefits from double glazing throughout and an allocated parking space. The property is sold with vacant possession and provides for an ideal first time buy / buy-to-let investment. It is anticipated a rental amount of approximately £575/£595 per calendar month could be achieved. “NB: Following exchange of contracts and prior to completion of the sale, the seller has advised that upon the express request of the purchaser, they are prepared to serve a s42 Notice on the freeholder advising of his intention to apply for a lease extension which will allow the purchaser, at their own cost, to immediately be able to apply for an extension to the lease without incurring the possibility of having to wait the Statutory 2 year period.” Please see special conditions of sale for confirmation. TENURE Leasehold with vacant possession

Solicitors

So Legal, 55 South Street, Eastbourne, BN21 4UT Tel: 01323 407555 Contact: Jamie Salvidge

Accommodation

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ACCOMMODATION HALLWAY BEDROOM: 3.4m x 3.2m. LOUNGE: 3.4m x 3.1m. Leading to: KITCHEN: 2.8m x 1.8m. BATHROOM: Side panelled bath with shower over, low level WC and wash hand basin. OUTGOINGS LEASE: 99 years from 25th March 1990 GROUND RENT: £50 per annum (rising to £100 in 2023 and thereafter doubling every 33 years of the term) SERVICE CHARGE: 1/9th contribution to total expenditure – approximately £720 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.