A 1st floor studio flat (bedsit) with a share of freehold and recently extended lease ideally placed in the town centre within a 10 minute walk of the railway station.The owners of the flats in the building have recently obtained the freehold and a new 999 year lease.They have also agreed to each put £1,000-£1,500 into a sinking fund to carry out various urgent works to the building and gardens, which have been neglected in recent years. They have appointed a solicitor to draw up the new lease and parking plans and will manage the building themselves via a residents association. The block is entered via a secure entry system and No. 5 is located at the rear of the building with the main bed/sitting room enjoying a sunny south/westerly aspect. The property would now benefit from modernisation and redecoration which has been reflected in the realistic asking price.
Please note: The property is currently let on an assured short hold tenancy and the current tenant would be keen to continue renting the property subject to agreeing new terms with the new owner or the property will be sold with vacant possession.
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A 1st floor studio flat (bedsit) with a share of freehold and recently extended lease ideally placed in the town centre within a 10 minute walk of the railway station.The owners of the flats in the building have recently obtained the freehold and a new 999 year lease.They have also agreed to each put £1,000-£1,500 into a sinking fund to carry out various urgent works to the building and gardens, which have been neglected in recent years. They have appointed a solicitor to draw up the new lease and parking plans and will manage the building themselves via a residents association. The block is entered via a secure entry system and No. 5 is located at the rear of the building with the main bed/sitting room enjoying a sunny south/westerly aspect. The property would now benefit from modernisation and redecoration which has been reflected in the realistic asking price.
Please note: The property is currently let on an assured short hold tenancy and the current tenant would be keen to continue renting the property subject to agreeing new terms with the new owner or the property will be sold with vacant possession.
The building is located between Hazelgrove Road and St Joseph's Way just to the east of the town centre and can be accessed by car from St Joseph's Way just to the east of the town centre and can be accessed by car from St Joseph's Way.The Orchards shopping centre is virtually across the road and has numerous shops including a Marks & Spencer. The town's other main shopping area of South Road is within a few minutes' walk. The town's trendy Broadway with its restaurants, cafes and bars is within a 5/10 minutes walk whilst the railway station is approximately a 15 minutes' walk. The town has several large parks, open spaces and state of the art leisure centre. There are several beauty spots within a short drive which include both Ditchling and Chailey Common Nature Reserves, the Ashdown Forest, the 180 acre Ardingly Reservoir and the South Downs National Park. By road, access to the major surrounding areas can be swiftly gained via the B2112, B2028, A272 and the A/M23, the latter lying approximately 5/6 miles to the west at Bolney or Warninglid.
Distances in approximate miles on foot/train/car
Railway station (0.75) - London Bridge/Victoria 47 mins, Gatwick Airport 15 mins and Brighton 20 mins
The Broadway (0.3)
A23 Bolney (5.5)
Gatwick Airport (15)
Brighton Seafront (15)
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Ideal first purchase or buy to let investment |
Should rent out for £600 per month |
Small block of just 5 properties |
Would benefit from modernisation and redecoration |
Located just behind the Orchards Shopping Centre |
Residents car parking |
Recently extended lease (999 years) |
West facing bed/sitting room |
Separate kitchen and bathroom |
EPC rating: F Council Tax Band: A |