Spacious period flat with long lease and auction sale terms.
Ground-floor, sea-facing two-bedroom apartment with bay-fronted lounge
Set on Marine Parade West, this ground-floor two-bedroom leasehold apartment delivers direct sea-facing outlooks and generous room proportions typical of an early 20th-century block. High ceilings and a large bay-fronted living room create character and natural light; a communal front garden and promenade are a short step away.
The property is sold by Modern Auction with an undisclosed reserve and a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600). Buyers should allow for additional auction pack and completion costs and carry out their own due diligence; the sale process aims for completion within 56 days.
Condition is mainly basic and will benefit from modernisation and external decoration; some remedial and cosmetic work is likely to unlock rental or resale value. Service charge and ground rent are stated (approx. £1,030 pa service charge; £50 ground rent). The lease is long (approx. 960 years remaining), which supports future financing or lettings.
This apartment suits investors or buyers seeking a seaside project with immediate rental potential or a character home close to town. Note the local area scores highly for deprivation and crime statistics are very high — factor these into rental assumptions and insurance. No onward chain may speed a purchase for a cash buyer or an experienced auction bidder.
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