A converted spacious ground floor apartment currently let out and achieving £580 per calendar month. Bus services pass nearby giving access to the seaside town of Bognor Regis and the cathedral city of Chichester. EPC-D
The accommodation briefly comprises, communal door and personal door to entrance hallway, sitting room, kitchen with access to the communal area, dual aspect double bedroom and bathroom.
Outside, the rear provides off-road parking for residents and visitors.
The property is within easy walking distance of the beach, promenade, West Park and Marine Park Gardens. Bognor Regis town centre with its mainline railway station to London Victoria and the precinct shopping facilities, Alexandra Theatre and Picturedrome cinema are approximately one mile east.
A spacious ground floor apartment situated close to the town centre of Bognor Regis.
Sitting Room 16'4 (4.98m) x 12'1 (3.68m)
Kitchen 10'8 (3.25m) x 8'6 (2.59m)
Bedroom 11'7 (3.53m) x 11'1 (3.38m)
We understand there is the balance of a 99 year lease from 31st August 1993.
We understand the maintenance charge payable is £1,000 p.a. (£500 payable in March and £500 payable in September).
We understand the ground rent payable is £25 p.a.
Current rental yield of 5.8%.
The town of Bognor earned its seal of royal approval when King George V came here to convalesce in the 1920s. Fast forward and Bognor is now favoured as a commercial hub, with many large retailers moving to the area to take advantage of the wealth of commercial property available. There are also many new residential developments on the edge of the old town that blend well with the period properties and apartments on the seafront.Bognor Regis is one of the sunniest places in the UK and our award-winning beaches are a great place to go to soak up the rays. The huge expanses of sand are bordered by a long esplanade that stretches for nearly three miles and provides the launch pad for the annual International Bognor Birdman competition.