3 bed property for sale

Glamis Street, Bognor Regis PO21

Auction
To be sold by online auction (unconditional).

A Freehold End of Terrace Property arranged as Two Self Contained Flats.

This Period Town Centre Freehold Property has been converted to provide a Two bedroom Ground Floor Flat and a First Floor One Bedroom flat. The property is considered ideal for its continued use as an income producing investment.

The ground floor flat has been recently refurbished throughout and is now being sold with vacant possession. The first floor flat is currently tenanted and it is considered that it would benefit from a program of improvements enabling an increase in the current rental income.

Ground Floor Flat - Private Entrance to Entrance Hall, Two Double Bedrooms, Modern Bathroom with W.C. Living Room, Newly Fitted Kitchen with a door giving access to the rear Yard.

Tenancy: Vacant Possession - It is considered that a rental per Calendar month of £1000.00 is achievable.
EPC - E



Council Tax Band B

The first floor flat is accessed via a gate on the adjacent Lyon Street.

With cast iron steps to the first floor from the rear yard with Private Entrance to Kitchen, Inner Hall with Storage Cupboards, Bathroom, Living Room and Bedroom. There is a door on the landing providing access to the Balcony.

Tenancy: Currently Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £595.00 per calendar month.

It is considered that once refurbished, a monthly rental income of £950.00 per calendar month is achievable.

Outside there is a communal rear yard.

Tenure - Freehold with Part Vacant Possession.

Auction
To be sold by online auction (unconditional).

To View

Please contact our Auction Office or Visit our Website to book a viewing. Viewings are scheduled Block Viewings on set times each week and you must register with the Auction Office prior to the viewing.

Registration to Bid
All potential buyers are required to register to be able to bid, please visit our website to set-up an online auction account.

Legal Pack
For each lot there is documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor and available to download. You are advised to complete your own due diligence before bidding.

Additional Fees
A buyers charge of £1,250 plus VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £5,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction Offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on the basis of a purchase on an Auction Contract and in accordance with the “Terms & Conditions - Unconditional Auction".

Finance
We advise all bidders who require a mortgage to arrange a mortgage prior to bidding.

Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot.

*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. Every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property below during the auction) which we expect will be set within the Published Guide Price Range or no more than 10% above a Single Figure Guide.

EPC Rating: E

Location

Bognor Regis, famously known for being a popular destination amongst holiday makers, seeking a traditional seaside Town full of Ice Cream, Seafood, Rock Sticks and Crazy Golf! Home to the ever popular Butlins, a holiday resort which includes a vast amount of entertainment for all ages – the tourist attraction benefits from indoor and outdoor pools, rides, shows, restaurants, bars, accommodation and many more! The Town itself also offers a variety of shops, restaurants, pubs, cafes, parks and activities, as well as the picturesque Sea Front, Pier, Sailing Club and Promenade where you can stroll through to Felpham and Aldwick. Chichester, Arundel and Littlehampton are nearby as well as fantastic transport links to London Victoria and Gatwick Airport, also benefitting from a small hospital.

Flat One - Living Room (3.45m x 3.00m)

Flat One - Kitchen (2.18m x 2.11m)

Flat One - Bedroom One (3.88m x 3.32m)

Flat One - Bedroom Two (3.60m x 2.87m)

Flat Two - Living Room (3.88m x 3.32m)

Flat Two - Kitchen (3.44m x 2.69m)

Flat Two - Bedroom (3.60m x 2.87m)

Flat Two - Bathroom (3.16m x 2.11m)