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1 bedroom apartment for sale

Madeira Avenue, Bognor Regis

Guide Price* £75,000

Property Description

Key features

  • * SOLD AT 17th NOVEMBER AUCTION *
  • Guide Price: 75,000-80,000 L/H
  • Spacious Self-Contained Double Bedroom Ground Floor Apartment with Front and Rear Entrances Currently Let Producing 6,600 Per Annum
  • Potential to Convert into 2 x 1 Bed Flats (STNC)
  • Ideal First Time Buy / Buy-to-Let Investment

Full description

* SOLD AT 17th NOVEMBER AUCTION *

The property comprises the whole of the ground floor of this inner terraced purpose built block. It provides spacious one bedroom accommodation with the benefit of freeholders consent to convert the property into 2 x 1 bed apartments (subject to necessary consents). The property is currently let on an assured shorthold tenancy at £550 per calendar month providing for an ideal buy-to-let investment / residential opportunity.

The property forms part of Madeira Parade, a primarily residential block situated on the east side of Madeira Avenue. Conveniently located close to the Arun Retail Park which is represented by many multiples including Tescos, Sainsbury’s, Next and Pizza Hut. Bognor town centre with its comprehensive shopping facilities and mainline railway station lies less than a mile away. Good road links to all surrounding areas are provided by the A29, B2259 and A259 all located within the vicinity.

Entrance Lobby -

Lounge/Diner: - 5.9m x 4.5m (max) x 2.4m nto hallway recess (19'4" - 2 x Radiator.

Kitchen: - 3m x 1.7m. (9'10" x 5'6".) - Fitted kitchen comprising wall and base level units, sink with drainer and space for 2 x large kitchen appliances.

Bedroom: - 6.5m x 3.1m (21'3" x 10'2") - Radiator, double glazed door to rear of the building

Hallway: - 1.5m x 1.2m. (4'11" x 3'11". ) -

Bathroom: - 2.6m x 2.3m. Comprising side panelled bath with shower attachment, pedestal wash basin, low level WC and radiator.

Tenancy: - Let on a periodic assured shorthold tenancy at £550 per calendar month.

Tenure: - Leasehold, subject to existing tenancy

Outgoings - OUTGOINGS
LEASE: New 125 year lease
GROUND RENT: To be confirmed
SERVICE CHARGE: 1/3 contribution to total expenditure

Please Note: It is our understanding that if the flat is sub-divided to form 2 flats the additional flat will receive a lease on the same terms as Flat 3 with a variation made to the service charge contributions to reflect the sub-division. However, please refer to the legal pack for full clarification on this point.

Other ground floor flats within the parade have been converted into 2 x 1 bed flats.

Solicitors: - George Ide Solicitors, 52 North Street, Chichester, PO19 1NQ
Tel: 01243 786668 Contact: Robert Enticott


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
30 December 2016

Map & Street View

Disclaimer - Property reference 26579817. 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 Parsons Son & Basley, Brighton. 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.

*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.”

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 Parsons Son & Basley, Brighton on 01273 326171.


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