101 Marine Parade
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Unconditional (Buyer's Premium)
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 2%+VAT (subject to a minimum of £8,500+VAT) buyers premium 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 days following the auction (unless otherwise stated).
Flat 5 Atkinson House, 101 Marine Parade, Worthing, West Sussex, BN11 3QF
One Double Bedroom Apartment with Balcony, 101 Marine Parade, Worthing, West Sussex, BN11 3QF - Long Leasehold 991 Years Remaining & Sea Front Location
One Double Bedroom Apartment with Balcony, 101 Marine Parade, Worthing, West Sussex, BN11 3QF - Long Leasehold 991 Years Remaining & Sea Front Location
Description
Town & Country Property Auctions are delighted to offer for sale by public auction this seaside apartment. Located on the beautiful Worthing Seafront with the bustling promenade and beach on the doorstep and just 3 minutes walk to the Worthing Pier, this 1 bedroom flat with a mezzanine and a balcony in a beautiful Victorian building, offers close proximity to the central high street retail area of Worthing. The main bus routes pass by the building and there is easy access to the the railway station and other amenities. The A259 trunk road and the A27 towards Chichester or Lewes are both easily accessed. This property can potentially realise a high rental due to its popular location and the options of short and long term lets. The flat comprises approximately 500 square feet of gross internal area and has a balcony. The property is connected to mains gas and has fully double glazed windows and is heated using a community scheme. The reserve is to be agreed prior to the start of the auction.
The property will be entered into our 30th May auction which is held online and starts at 10am. You must register to bid and download the legal pack.
PROPERTY FEATURES
. Spectacular sea views from the balcony
. One Bedroom
. One Reception Room
. Leasehold
. Length of Lease Remaining: Approx 991 years
. Annual ground rent: Approx £150
. Annual Service Charge: Approx £2485
. Council Tax Band: A
. Rental Value Per Month: £1,000
. 28 Day Completion
Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.
Tenure
Leasehold
Buyers Premium
*Buyers Premium Applies
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Council Tax Band
A
Lease Start Date
01/01/2016
Lease Duration
999 years (991 years unexpired)
Annual Ground Rent
£150
Annual Service Charge
£3,085
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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