Freehold Ground Rent Investment
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.
Each of the five flats are sold off on long leases for a period of 99 years from the 1st January 2016.
The ground rent of £150 per year per flat doubles every 25 years.
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.
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.