- SOLD BY CONNECT UK AUCTIONS +
- Auction Finance Available By Request +
- Ideal Investment Opportunity +
- Generating a gross yield circa 11.7% +
- Full Auction Legal Pack Available Upon Request +
- Top Floor Flat +
- Currently on AST producing £11,700 per annum +
- Excellent Location +
- Unexpired lease in excess of 900 years +
DESCRIPTION:
A Two Bedroom Top Floor Flat. Excellent Location. Currently Rented on AST at £975 per month / £11,700 per year, circa 11.7% Gross Yield. Ideal for Investors or Owner Occupiers. Unexpired lease in excess of 900 years.
ACCOMMODATION:
Entrance Hall, Reception Room, Kitchen, Two Bedrooms, Bathroom.
Top Floor.
LOCATION:
Worthing is a seaside resort town in West Sussex, England, at the foot of the South Downs, 11 miles west of Brighton, and 18 miles east of Chichester. Since 2010, northern parts of the borough, including the Worthing Downland Estate, have formed part of the South Downs National Park. In 2019, the Art Deco Worthing Pier was dubbed the best in Britain. Lying within the borough, the Iron Age hill fort of Cissbury Ring is one of Britain's largest. The recorded history of Worthing began with the Domesday Book. Worthing was a small mackerel fishing hamlet for many centuries until, in the late 18th century, it developed into an elegant Georgian seaside resort and attracted the well-known and wealthy of the day.
TENURE:
Leasehold
UNCONDITIONAL LOT:
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).