Block of Apartments
The property comprises an attractive period building which has been split up to provide two flats and a maisonette. The property is situated on a corner plot with potential subject to planning and all necessary consents being obtained. The building is currently registered under one freehold title and is situated overlooking the sea. Currently let producing a total income of £34,380 per annum.
The accommodation comprises:
Flat 1 – Two bedroomed ground floor flat.
Front entrance door to -
Kitchen/ Dining area
Bathroom
Bedroom One
Living room
Bedroom Two
Gross Internal Floor Area: 94.7 M.Sq. / 1,020 Sq.Ft.
Flat 2 – One bedroomed first floor flat:
Bathroom
Bedroom
Living room/kitchen
Gross Internal Floor Area: 46.0 M.Sq. / 496 Sq.Ft.
Flat 3 – Maisonette, two bedrooms with far reaching sea views.
Living room
Kitchen
Bathroom
Second floor
Bedroom One
Bedroom Two
Gross Internal Floor Area: 87.9 M. Sq. / 947 Sq.Ft.
The property is positioned in one of Worthings most prestigious postcodes in central East Worthing. Less than 50 metres to Worthing Seafront and 900 metres to the town centre, you'll be perfectly located to benefit from some of the best restaurants and cafes in the area. Close-by is the award-winning leisure centre, Splashpoint that boasts two swimming pools, spa and gym. There are also three parks and a sea-inspired childrens playground all located next to Splashpoint. Commuters are also well served with Worthing train stations offering regular services along the coast and London.
The property is sold subject to three AST agreements producing a total income of £34,380 per annum.
Tenancy Details:
Flat 1 - AST dated 31/01/2024 to 30/01/2025 at £1,050 pcm.
Flat 2 - AST dated 06/08/2019 now on a periodic basis at £765 pcm.
Flat 3 - AST dated 24/04/2024 to 29/12/2024 at £1,050 pcm.
Rivers and Seas Risk within 250m
Surface Water Risk within 250m
Groundwater Moderate Risk
O2, EE, Three and Vodafone are available.
Standard 9 mbps. Superfast 67 mbps.
BT and Sky are available.
Solid brick, as built, no insulation (assumed).
B A B
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to tenancy.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Off Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
