1 bed flat for sale

16B Crescent Road, Bognor Regis, West Sussex PO21

Guide Price = £45,000+

**For Sale By Public Auction 16th October 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £8,220 Per Annum (Reflecting a Gross Initial Yield of 18%)

Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1986 (thus approximately 59 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Bognor Regis Beach are within easy reach. Transport links are provided by Bognor Regis rail station.

Description
The property comprises a first floor one bedroom flat situated within a mid terrace building arranged over ground and first floors.

Accommodation
First Floor
Reception Room
Kitchen
Bedroom
Bathroom

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £685 per calendar month.

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. If you do not fully understand this process, please ask the auctioneers or a solicitor.

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