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Lot 11 Click here for addendum

ground rent investment
6 Week completion

SITUATION

Occupying a prominent trading position within the heart of the Town Centre on the pedestrianised section of London Road close to the junction with the High Street, opposite Holland & Barratt and amongst other such multiples as New Look, WH Smith, EE, JD Sports, Greggs, Bon Marche, Robert Dyas and many others, being only a few minutes' walk from the Sea Front and Bognor Pier.
Bognor Regis is a popular coastal resort town and tourist destination, located just off the main A27 (via the A259) some 6 miles east of Chichester and 26 miles west of Brighton.

PROPERTY & ACCOMMODATION

An end of terrace building comprising 2 Ground Floor Shops with part first floor Sales and part first and second floor used as Ancillary.

VAT is applicable to this Lot

TENURE

Leasehold for a term of 99 years (less one day) from 25th March 1935 at a fixed ground rent of £494.16 p.a. (thus having approx. 171/2 years unexpired.)

TENANCY

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

4/4a & 4b London Road, Bognor Regis, West Sussex PO21 1PY