The Hornet, Chichester, PO19

*** Being Sold via Secure Sale online bidding. Closing date 4th October @ 1.00pm. Terms & conditions apply. Starting bid ?1,350,000 ***
An excellent Freehold investment opportunity to purchase a block of 6 spacious 2 bedroom flats in the centre of Chichester. All 6 of the flats have an internal square footage of between 750-800 and there are two different layouts. The flats are arranged over 3 floors and have allocated parking to the rear. All of the flats are currently let on Assured Shorthold Tenancies.
Tenure - 7 x titles are to be included within the sale:
Freehold of 54-64 (even numbers only) The Hornet - WSX210960.
Long leasehold (125 years from 1 January 1996) of 54 The Hornet - WSX210681.
Long leasehold (125 years from 1 January 1996) of 56 The Hornet - WSX210737.
Long leasehold (125 years from 1 January 1996) of 58 The Hornet - WSX210734.
Long leasehold (125 years from 1 January 1996) of 60 The Hornet - WSX210725.
Long leasehold (125 years from 1 January 1996) of 62 The Hornet - WSX210718.
Long leasehold (125 years from 1 January 1996) of Land at The Hornet - WSX210713.
Please refer to the legal pack for full title information.
Council Tax: All units are of council tax band D currently ?2,118.41.
EPCAll available upon request (ratings C).
Link to auction page: https://www.pattinson.co.uk/property?id=416044
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Location
The property is within easy walking distance of the pedestrianised city centre which provides a comprehensive selection of shops, with many of the major multiple retailers being represented, as well as high quality independent traders and a number of public houses, wine bars and bistros. The internationally acclaimed Festival Theatre, Priory Park with its historic cricket ground and Pallant House gallery are just a few examples of the nearby facilities of this thriving city. The mainline station provides a regular service to London Victoria. Goodwood is famous for its many event days including the world renowned Festival of Speed and Goodwood Revival for motor racing enthusiasts and a season of horse racing including the Qatar Goodwood Festival. There are superb sailing facilities around Chichester Harbour and windsurfing from the beaches at West Wittering. The area is a paradise for wildlife enthusiasts, with beautiful walks and cycle tracks over the South Downs and around the harbour. Agents Note: Photographs used are a combination of the flats.

07/09/23