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Investment opportunity for sale in Worthing

Flat 4, 80A Ham Road, Worthing, West Sussex, BN11 2QY
For sale
£110,000 Guide Price
AUCTION PROPERTY
connect-uk-auctions
This property is marketed by:
Connect UK Auctions

DESCRIPTION: 

A Two Bedroom Top Floor Flat. Excellent Location. Currently Rented on AST at £975 per month / £11,700 per year, circa 10.6% Gross Yield. Ideal for Investors or Owner Occupiers.

ACCOMMODATION:

Entrance Hall, Reception Room, Kitchen, Two Bedrooms, Bathroom.

Top Floor.

LOCATION:

Worthing is a seaside resort town in West Sussex, England, at the foot of the South Downs, 11 miles west of Brighton, and 18 miles east of Chichester. Since 2010, northern parts of the borough, including the Worthing Downland Estate, have formed part of the South Downs National Park. In 2019, the Art Deco Worthing Pier was dubbed the best in Britain. Lying within the borough, the Iron Age hill fort of Cissbury Ring is one of Britain's largest. The recorded history of Worthing began with the Domesday Book. Worthing was a small mackerel fishing hamlet for many centuries until, in the late 18th century, it developed into an elegant Georgian seaside resort and attracted the well-known and wealthy of the day.

VIEWING:

Viewings: By appointment only on 12th January 2024

TENURE:

Leasehold

AUCTION DATE:

Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Tuesday 20th February.

The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.

UNCONDITIONAL LOT:

Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price 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 or 42 days following the day of auction (unless otherwise stated in the legal pack).


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