A Vacant Second Floor One Bedroom Retirement Flat

The property comprises a second floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors. The property benefits from a residents lift, communal lounge and laundry room.

Tenure

Leasehold. The property is held on a 99 year lease from 1st June 1985 (thus approximately 60 years unexpired).

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Mount Park are within easy reach. Transport links are provided by Shoreham-by-Sea rail station.

Accommodation

Second Floor Reception Room Kitchen Bedroom Shower Room

Exterior

The property benefits from communal gardens.

Please note the property has an age restriction of 60+.

Further Information

When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.