FOR SALE BY ONLINE AUCTION - COMPLETION BY 31ST MARCH 2021 - A two storey detached house, currently configured as a 2 bedroom ground floor tenanted flat and a 3 bedroom first floor tenanted flat producing a combined gross annual rental income of £20,100. Ideal for investment.
Auction date
To be sold by online auction on Wednesday 17th February 2021, bidding will open at 9.00AM.
To view
Internal viewings will be conducted in accordance with the Government guidance on Social Distancing, PPE must be worn at all times. Please call 01344 753 120 or email to book an appointment at the following times: * Thursday 28th January at 12.00 (Fully booked) * Thursday 4th February at 12.00 * Thursday 11th February at 12.00 * Tuesday 16th February at 12.00
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* 0.2 miles from Bognor Regis rail station * Close to town centre and sea front * Adjacent to Hotham public park
Description
* Detached house configured as 2 flats * Freehold * £20,100 gross annual income * Tenanted
Accommodation
Comprises:
Ground floor flat
2 bedrooms, living room, bathroom
Top floor flat
3 bedrooms, living room, WC, bathroom
Outside
Communal entrance porch, communal rear yard
EPC rating
Ground floor flat - EPC D 63/74 Top floor flat - EPC D 67/69
Tenure
Freehold
Local authority
Arun District Council 01903 737500
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Guide prices
Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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 (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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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