Property for sale in Walton Road, Bognor Regis PO21

Home + Castle have been instructed to sell the freehold to a block of 5 flats, along with planning permission granted for an additional storey, providing an option for 2 more flats.

Planning Permission Granted 25/10/2022 for 2 x 2 Bedroom Top Floor Flats - Application br/178/22/pd.

Located within half a mile of Bognor Regis train station.

Further Infromation

There will be some ground rent income from two of the flats £200.

1.Flat 1 will be held under an overriding Lease for 999 years at a peppercorn
2.Flat 2 will be held under an overriding Lease for 999 years at a peppercorn
3.Flat 3 is held pursuant to a lease dated 1 February 2012, for a term from 1 February 2012 to 19 December 2161. The annual rent is £100 for the first 25 years, £200 for the next 25 years, £400 for the next 25 years and £800 for the remainder of the term

4.Flat 4 is held pursuant to a lease dated 23 November 2011, for a term from 23 November 2011 to 19 December 2161. The annual rent is £100 until 24 June 2032, thereafter £200 until 2062, £300 until 2092, £400 until 2122 and thereafter £500 per annum.

5.Flat 5 is held pursuant to a lease of 140 years approx. At a peppercorn

Please note section 5 notices will need to be served.

Planning Permission Granted

Permission granted to add additional floor, creating 2 additional flats (6 & 7). Application Number br/178/22/pd.

Flat 6 & Flat 7 Layout

Hallway

Living/Dining Room (5.14 x 3.57 (16'10" x 11'8"))

Kitchen (2.77 x 2.0 (9'1" x 6'6"))

Bedroom 1 (3.83 x 2.83 (12'6" x 9'3"))

Bedroom 2 (3.23 x 2.63 (10'7" x 8'7"))

Bathroom (2 x 1.95 (6'6" x 6'4"))