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Lot - 75 Kyoto Court, Bognor Regis, West Sussex, PO21 2UL

Guide Price* £125,000 +

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Property Type
Flat
Tenure
Leasehold
Type
Residential
Bedrooms
3
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Leasehold first floor purpose built flat
  • Three bedrooms, reception room / dining area, kitchen, bathroom/wc
  • Garage en-bloc
  • Close to amenities and transport facilities.
  • Investment producing £11,400 per annum

Leasehold first floor purpose-built three-bedroom flat with a garage en-bloc - Investment producing £11,400 per annum.

Description

Leasehold first floor purpose-built three-bedroom flat with a garage en-bloc.

Location

The property is situated off Nyewood Lane. Public transport facilities include Bognor Regis railway station. Shopping amenities can be found at London Road. Recreational pursuits are at West Park along the Bognor Regis Promenade close by.

Accommodation

Three bedrooms, reception room / dining area, kitchen, bathroom/wc

Outside: Garage en-bloc.

Total floor area approximately 74 sq.m (796.52 sq.ft)

Tenancy

Let on an assured shorthold tenancy for 6 months from 31/3/2024 (holding over) at a rent of £950 per month.

Total current rent received £11,400 per annum

Lease Details

Held on a lease for a term of 99 years from 1/1/1977 at a ground rent of £60 per annum (rising).

EPC Rating

D

Council Tax Band

C

VAT

VAT is not applicable to this lot

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

Please note that Lots may be sold or withdrawn prior to auction.

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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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