Studio flat for sale

A freehold ground rent investment producing £1,850 per annum comprising detached former chapel arranged as eight self-contained flats plus vacant first floor former chapel retaining many original features. It is considered suitable for a variety of uses, subject to all necessary consents being obtainable and has on-site parking facilities.

This 1890's chapel was previously converted to flats approximately twenty years ago and has a lift to all floors occupying this prominent elevated location. It is situated on the corner of Wrestwood Road and Chapel Walk and forms part of this established residential development with excellent access to the main A259. Local shopping facilities and amenities are easily accessible and excellent road links to all surrounding areas.

Ground Floor
Communal hallway, access to lift or stairs to first floor, entrance lobby, church hall with stairs to mezzanine floor.

Tenure
The remainder of the building is converted into eight flats all held on 999-year leases from 1st January 2005 with annual ground rents payable for Flats 1-5 of £250 and for Flats 6-8 for £200.

Auctioneer's Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

Local Planning Authority
Rother District Council. Website: rother.gov.uk. [use Contact Agent Button].

Freehold with Part Vacant Possession

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to