Sudley Road, Bognor Regis
- PROPERTY TYPE
Studio
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Auction Date: 22nd September 2022
- Freehold Detached Commercial Investment
- Significant Development Potential (SPP)
- Let until 24 March 2024
- Lease Excluded From L&T Act
- Current Rental Income of 20,000 Per Annum
- Very Large Car Park
- EPC: E
- THIS PROPERTY HAS BEEN SOLD PRIOR TO AUCTION
Description
Auction Guide £275,000+
THIS PROPERTY HAS NOW BEEN SOLD PRIOR TO AUCTION
Superior corner property with a very large car park offering significant development potential to extend the existing building across the car park, convert into flats, demolish and build a purpose built block of flats or use as a large family home (SPP).
The building is currently rented out under the terms of an IRI lease at a passing rent of £20,000 per annum from 24 March 2022 for a period of 2 years expiring on 24 March 2024. Importantly, the lease has been excluded from The 1954 Landlord & Tenant Act therefore the current tenants do not have any automatic rights of renewal when the lease expires.
Brochures
Sudley Road, Bognor RegisEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Sudley Road, Bognor Regis
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bognor Regis Station0.1 miles
- Barnham Station3.5 miles
- Ford Station5.2 miles
About the agent
Lextons Auctions, Sussex
174 Church Road, Hove, BN3 2DJ
Having worked at the top of the London property market, we know estate agents often get a bad rap and it's easy to see why. But Lextons is different.
Choose Lextons and you will discover an estate agency founded on honesty, straight-talking advice and a service that puts our clients' interests above our own.
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Visit our security centre to find out moreDisclaimer - Property reference 32846377. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lextons Auctions, Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Lextons Auctions, Sussex on 01273 109874.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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