A one-bedroom upper ground-floor flat in Park Road, Bognor Regis. Vacant and ideal for investors. (Title number: WSX61517)
FOR SALE BY AUCTION: To be sold by public auction on the owners instruction. A one-bedroom upper ground-floor flat in Park Road, Bognor Regis. Vacant and ideal for investors. To be sold via online bidding on Friday, 3 November 2023.
Auctioneers comments: 'This Lot offers an opportunity to buy a vacant 702 SQFT one-bedroom flat with bay fronted reception/living room.'
Auction date
The property is to be sold by public auction on Friday, 3 November 2023 via a 2-hour online bidding window.
Description
One bedroom flat, leasehold (99 years from 16 December 1981), vacant, 702 SQFT
Location
Park Road, Bognor Regis, 0.1 miles to the promenade, 0.7 miles to Bognor Regis railway station
Accommodation
Upper ground floor: One bedroom, reception/living room, kitchen and bathroom
EPC rating
To be confirmed
Tenure
Leasehold with vacant possession
99 years from 16 December 1981
Local authority and council tax band
West Sussex County Council & Arun District Council
Council tax band: B
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 1.75% plus VAT (min. fee of £1,750 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Lot 85 - Ground floor Flat, 8 Park Road, Bognor Regis, West Sussex, PO21 2PX
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