2 bed Flat For Sale £170,000
OUR COMMENTS: This two bedroom apartment is located to the West of Bognor Regis town, a stone's throw from Marine Park Gardens and the seafront promenade. Aldwick shopping parade is also situated close by and offers various local shops and convenience stores. The town centre is a short distance away, offering more comprehensive shopping facilities and a mainline train station.
The property is located on the first floor and briefly comprises an entrance hall, sitting room, separate kitchen, two double bedrooms, and family bathroom. The sitting room and one of the bedrooms also benefit from glimpsed views of the sea.
Agent's Note:
We have been informed that the management company have recently changed at this property and the latest service charge have been significantly higher than usual. These are expected to settle down once the managing agent has completed any necessary improvement works. However, the block does have communal heating and the bills for this are included in the service charge so they may be understandably higher than other properties.
Buy-To-Let Investors:
We understand that the property is currently let on a periodic AST and is achieving rent at £900 PCM, producing a gross yield of 6.35%.
Sitting Room: 14' 0" x 12' 6" (4.29m x 3.83m)
Bedroom 1: 11' 7" x 10' 7" (3.54m x 3.25m)
Bedroom 2: 8' 2" (14' 4" into alcove) x 10' 6" (2.49m x 3.22m)
Kitchen: 8' 7" x 7' 5" (2.64m x 2.27m)
Bathroom: 10' 7" x 4' 0" (3.23m x 1.24m)
Lease Information: Lease Information: The vendor informs us that this property has 993 years remaining on the lease (999 years from April 2016). There is no ground rent to pay. The maintenance including property insurance is charged every 6 months and the last half yearly payment was £1,492.21. The charges are variable and are reviewed by Hobdens (management company), the yearly charges for 2021-22 were slightly lower at £1882.68 PA.
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.
The property is located on the first floor and briefly comprises an entrance hall, sitting room, separate kitchen, two double bedrooms, and family bathroom. The sitting room and one of the bedrooms also benefit from glimpsed views of the sea.
Agent's Note:
We have been informed that the management company have recently changed at this property and the latest service charge have been significantly higher than usual. These are expected to settle down once the managing agent has completed any necessary improvement works. However, the block does have communal heating and the bills for this are included in the service charge so they may be understandably higher than other properties.
Buy-To-Let Investors:
We understand that the property is currently let on a periodic AST and is achieving rent at £900 PCM, producing a gross yield of 6.35%.
Sitting Room: 14' 0" x 12' 6" (4.29m x 3.83m)
Bedroom 1: 11' 7" x 10' 7" (3.54m x 3.25m)
Bedroom 2: 8' 2" (14' 4" into alcove) x 10' 6" (2.49m x 3.22m)
Kitchen: 8' 7" x 7' 5" (2.64m x 2.27m)
Bathroom: 10' 7" x 4' 0" (3.23m x 1.24m)
Lease Information: Lease Information: The vendor informs us that this property has 993 years remaining on the lease (999 years from April 2016). There is no ground rent to pay. The maintenance including property insurance is charged every 6 months and the last half yearly payment was £1,492.21. The charges are variable and are reviewed by Hobdens (management company), the yearly charges for 2021-22 were slightly lower at £1882.68 PA.
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.
