2 bed Flat For Sale £160,000
First Floor two bedroom apartment with its own private garden, has gas central heating and is double glazed.
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.
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.
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