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Clive Emson Online Auction describes this property as:
A freehold block of two self-contained flats, each sold on long leases, close to Worthing town centre and seafront. Currently producing £480 per annum, both flats have been sold on 185 year leases from the 29th September 2018, each at a current ground rental of £240 per annum. We understand that the leases provide for the freeholder to insure, maintain and manage the block recovering the cost from the leaseholders by way of a service charge. Auctioneer’s Note. Section 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation. ...
For viewings, biddings or more information:Go to the Clive Emson Online Auction Website