Town Cross Avenue, Bognor Regis

£160,000 Guide Price
  • Ref: 13017
  • Type: Flat
  • Availability: Sold STC
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Freehold

Property Summary

***SALE AGREED BY CLARKES*** First Floor TWO BEDROOM APARTMENT with its own PRIVATE GARDEN, has gas central heating and is double glazed.


Full Details

OUR COMMENTS: Located approx 900 meters from Bognor Regis Town Centre is this 2 bedroom first floor apartment. Originally a 1930's build house, the house has been divided into apartments. Benefiting from its own private entrance the upstairs accommodation compromises; entrance hall, bathroom, separate WC, kitchen, lounge and two double bedrooms.

Outside is a private garden to the rear, which is exclusively for the use of the upstairs property.

The property is currently tenanted on an AST Tenancy that is in a periodic term; 6 months notice can be provided to recover possession. However, the Tenant is offering to remain and sign a new Tenancy Agreement with a rental value of £775 PCM. Representing an attractive Gross Investment Yield in the region of 5.8% we imagine that this will be of significant interest to Landlord purchasers.

Hall / Stairs / Landing: 6' 0" x 21' 9" (1.83m x 6.65m)

Lounge: 10' 7" x 12' 0" (3.25m x 3.66m) + Bay window

Kitchen: 6' 0" x 11' 10" (1.84m x 3.62m)

Bedroom 1: 11' 3" x 10' 8" (3.44m x 3.27m)

Bedroom 2: 10' 7" x 11' 3" (3.24m x 3.44m)

Bathroom: 7' 3" x 5' 10" (2.21m x 1.80m)

WC: 4' 7" x 2' 9" (1.42m x 0.85m)

Lease Information: The property is currently held as a single Freehold Title by the seller for both the upstairs and downstairs apartments . The seller is proposing to create a new 999 year upon completion, with a 50% share of the Freehold, Peppercorn Ground Rent and 50% share of insurance and maintenance costs on an as-when-required basis.

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.

Property Features

  • Two Bedrooms
  • First Floor Apartment
  • Living Room
  • Kitchen
  • Bathroom & Separate WC
  • Gas Central Heating
  • Double Glazed
  • Garden

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