- 2nd Floor Apartment 150m from Seafront
- Open Plan Sitting Room/Dining Room/Kitchen
- Two Bedrooms
- Principal Bedroom En-Suite
- Family Bathroom
- Spacious Accommodation
- Secure Phone Entry System
- Investment Opportunity
OUR COMMENTS: This well presented and spacious top floor flat boasts 2 bedrooms and 2 bathrooms. The property is in a wonderful position around 150m from the seafront with further amenities, shops and mainline station in Bognor Regis also nearby.
The internal accommodation comprises a generous entrance hall leading to the open-plan sitting room with a dining area and modern fitted kitchen. The principal bedroom benefits from an en-suite shower room and there is a second bedroom served by a family bathroom. This property also offers double glazing and a gas heating system via radiators and combination boiler.
The block benefits from a secure phone-entry system and a lift, if required. There are permit parking bays in front of the property and a new owner would be able to apply to the local council for a yearly permit.
This property is suitable for either buyers looking for home for themselves in a desirable location or for investors. Viewings are recommended to appreciate all that this property has to offer.
Potential landlords: In our opinion this property could realistically be rented out at £900 PCM, generating a gross yield of approximately 6.55%.
Viewings are recommended to appreciate all that this property has to offer.
AGENTS NOTE: This property is currently going through a 5 year schedule for major improvement works. We understand there is 3 and a half years left of this, during which time the maintenance will be higher than usual. It is likely that value will be added to the property by the time these major works are completed.
Entrance Hall: 16' 9" x 3' 6" maximum (5.12m x 1.07m) L-Shape
Sitting Room / Dining Room: 20' 9" x 9' 7" (6.35m x 2.94m)
Kitchen Area: 11' 5" x 9' 0" (3.48m x 2.76m)
Bedroom 2: 10' 10" x 8' 9" (3.31m x 2.67m)
Bedroom 1: 12' 1" x 9' 6" (3.69m x 2.92m)
Ensuite: 6' 6" x 6' 4" (2.00m x 1.94m)
Bathroom: 7' 7" x 6' 0" (2.33m x 1.83m)
Lease Information: The vendor informs us that there are approximately 107 years remaining on the lease (125 year lease from 01/11/2004), the ground rent is £100 pa and the current maintenance charge is £1890 PA which includes buildings insurance. There is an additional charge of £1280 PA for the next 3½ years to cover the costs of major improvement works for the building. 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.