0 Bedrooms for sale in 1-2 Norfolk House, Wick Street, Nr Littlehampton, West Sussex BN17 | £ 15,000
Overview
| Price: | £ 15,000 |
|---|---|
| Contract type: | For Sale |
| Type: | |
| County: | West Sussex |
| Town: | Littlehampton |
| Postcode: | BN17 |
| Address: | 1-2 Norfolk House, Wick Street, Nr Littlehampton, West Sussex BN17 |
| Bathrooms: | 0 |
| Bedrooms: | 0 |
Property Description
Lot 76 - This lot is for sale by auction as lot 76 on Thursday 13th December 2018.
A Freehold Ground Rent Investment secured upon a Semi-Detached Building internally arranged to provide Eight Self-Contained Flats
Total Current Rent Reserved
£1,200 per annum
Tenure
Freehold.
Location
The property is situated on the west side of Wick Street, to the south of its junction with Worthing Road (A259). Local amenities are available in Wick, with the further facilities of Littlehampton being accessible to the south. Rail services run from Littlehampton Station and the A27 is to the north. The south coast is close by to the south.
Description
The property comprises a ground rent investment secured upon a semi-detached building internally arranged to provide eight self-contained flats.
Tenancies
Six flats are each subject to a lease for a term of 125 years from 1st September 2011 (thus having approximately 118 years unexpired) at an individual ground rent of £150 per annum.Two flats are each subject to a lease for a term of 130 years from 1st September 2017 at an individual ground rent of £150 per annum.
Rights of Pre-emption
The lessees have not elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.
Management and Insurance
The Freeholder has the right to manage and insure.
Seller’s Solicitor
ej Moyle llp (Ref: Tjp/B2522). Tel: Email: Tpitt@moyle.Co.Uk
Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.
Property Location
Property Marketed by Allsop LLP
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