Butts Road, Southwick, BN42 4DR

**For Sale By Online Auction ** An ideal investment for buy to let, positioned in a central location just off the seafront road, Southwick station is next to the block appealing to commuters, and there is a variety of convenience and shops just around the corner at Southwick Square A good size flat at 807sqft, there is 3 double bedrooms, a good size lounge /diner with a Southerly aspect, spacious kitchen and bathroom The block is owned and managed by Adur Dirstrict Council with reasonable running cost, this also presents an option to lease the property back to the council for a term giving secure income.

Leasehold Information - Lease - 90 years remaining Service Charge - £1,045 per annum Ground Rent - £10 per annum local council are Freeholders & Managing Agents - Adur District Council Location - Convenient location just off of the seafront road in Southwick, adjacent to the building is Southwick Train Station with connections to London, there is a regular bus service moments away with 700 coast line or 46 serving Brighton, good road connections with direct access to seafront A259 There is plenty of shops, cafe's and amenities less than 5 minutes walk at Southwick Square Across the seafront road is the harbour and mariner which has lock gates leading across to the beach Main Entrance - Door entry system leading to an enclosed hall with stairs access to the 2nd floor Hall - Running through the centre of the flat leading to all rooms, storage cupboard Lounge / Dining Room - Generous size of 18" x 13" with a Southerly aspect with views towards the sea, and space for a dining table and two storage cupboards Kitchen / Breakfast Room - A good sized kitchen with a dual aspect with two Southerly windows with views, plenty of cupboard space, oven, fridge / freezer, dishwasher and washing machine, counter space for breakfast bar and wall mounted combination boiler Bedroom 1 - A generous double room 14" x 10" window with a nice outlook and a fitted cupboard Bedroom 2 - Good size double room with a westerly aspect Bedroom 3 - Smaller double room with a westerly aspect Bathroom - white suite with a bath and electric shower over pedestal sink, toilet and frosted glass Westerly window In addition there is an individual store cupboard which is by the main front entrance Traditional Terms & Conditions - This property is for sale via Online Auction.

This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform.

The auction will run for 3 hours on a set date and time chosen by the vendor of the property.

The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount.

Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5,940 inclusive of VAT.

The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives.

We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability.

Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid.

Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold.

In normal circumstances the reserve price should be no more than 10% above the guide price.