Brighton: 01273 32671
Bognor Regis: 01243 868600

LOT 2

Gatwick House, 45 Glamis Street, Bognor Regis, West Sussex, PO21 1DJ

Gatwick House, 45 Glamis Street, Bognor Regis, West Sussex, PO21 1DJ

Property Details
Tenure

Freehold Ground Rent Investment

Location
In the heart of Bognor town centre, this property is situated in a convenient central location. It is a short walk to the beach and town centre, with comprehensive shopping facilities. It is also within walking distance of Bognor Regis train station, with easy links across the coast.

Description
Each of the five flats are sold off on long leases for a period of 99 years from the 1st January 2016.

Auctioneers note
The ground rent of £150 per year per flat doubles every 25 years.


Additional Information
*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.


  • Freehold Ground Rent Investment
  • Producing income of £750 per annum
  • Excellent Investment Opportunity

Guide Price: £15,000-£16,000*


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