Bognor Regis Estate Agents – Clarkes Estates

Lyon Street, Bognor Regis

£100,000 OIEO

Property Features

  • First Floor Retirement (60+) Apartment
  • Close to Shops, Seafront & Mainline Station
  • Living Room
  • Fitted Kitchen
  • Double Bedroom
  • Shower Room
  • Allocated Parking
  • Investment Opportunity

Property Summary

COMING SOON. A one bedroom first floor AGE RESTRICTED (60+) apartment close to shops, seafront and mainline train station. Comprising living room, kitchen, double bedroom, shower room and ALLOCATED PARKING. Suitable for owner/occupier or buy to let investor.

Full Details

OUR COMMENTS: This 1 bedroom first floor apartment is well located in the heart of Bognor Regis close to the shops, amenities and mainline station. The property is age restricted to 60+ and would be suitable to an owner occupier or a buy to let investor.

The property will be vacant from the 26th May and will be available for viewings from Saturday 28th May. Full details and photographs will be available once the property is vacant.

Potential landlords: In our opinion the property could reach a realistic market rent of around £700 PCM, providing a healthy gross yield of 8.4%.

Entrance Hall: 6' 4" x 6' 0" max (1.94m x 1.84m)

Lounge: 13' 2" x 10' 7" (4.03m x 3.24m)

Kitchen: 7' 4" x 6' 3" (2.26m x 1.92m)

Bedroom: 13' 11" x 9' 11" (4.26m x 3.03m)

Bathroom: 6' 11" x 5' 6" (2.12m x 1.69m)

Lease Information: The vendor informs us that there is a share of the freehold with 960 years remaining on the lease (the remainder of a 999 year lease from September 1983). There is no ground rent and the current maintenance charge is £1500pa including insurance. We have not sighted documents to evidence this and advise that should you proceed to purchase this property this should be checked by your conveyancer.

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