Glamis Street, Bognor Regis

A SPACIOUS studio flat with SEPARATE KITCHEN and BATHROOM, offering EXCELLENT POTENTIAL. Accessed via a PRIVATE ENTRANCE with OUTSIDE STORAGE. In NEED OF COMPLETE RENOVATION, ideal for INVESTORS or CASH BUYERS. SHORT LEASE of approx. 59 years. Offered for sale CHAIN FREE.

This studio flat represents a rare opportunity for those seeking a renovation project with significant potential. Requiring complete modernisation throughout, the property offers a blank canvas for buyers looking to create a bespoke living space or investment.

The accommodation is arranged with a main studio room, providing a versatile living and sleeping area. In addition, there is a separate kitchen and a private bathroom. The property is accessed via an external wooden staircase, giving it a sense of independence and separation from neighbouring homes.

Externally, the property benefits from a useful storage area located beneath the staircase, ideal for storing bicycles or household items. While the overall condition of the property requires significant improvement, the layout and features provide a solid foundation for refurbishment.

* This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold Ltd).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided, which you must view before bidding. The winning bidder will pay the fee including VAT for this pack.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.*

The property is offered with approximately 59 years remaining on the lease, which will be an important consideration for prospective purchasers. As a result, it is likely to appeal most to cash buyers or investors familiar with lease extension processes and refurbishment projects.

Situated within a convenient location, the property is within easy reach of local amenities, including shops and transport links, providing access to surrounding areas. This enhances its potential appeal once renovated, whether as a personal residence or rental investment.