Located in the heart of Worthing town centre, this lower ground floor one-bedroom apartment presents an excellent opportunity for investors, developers, or cash buyers seeking a project with significant potential.
The property offers spacious accommodation comprising a generous living room, separate kitchen, double bedroom, and bathroom. Benefiting from a private courtyard, the apartment also provides valuable outside space, a sought-after feature in such a central location. Requiring complete refurbishment throughout, the property offers a blank canvas for buyers looking to modernise and add value.
Situated on the popular Warwick Road, the property is ideally positioned within easy walking distance of Worthing's extensive shopping facilities, cafés, restaurants, mainline railway station, and the seafront promenade. Its central location makes it an attractive proposition for future rental investment or resale following renovation.
Being sold with no onward chain, this is a rare opportunity to acquire a property in one of Worthing's most convenient and sought-after locations.
Prospective purchasers should be aware that the freeholder of the building is currently absent. Whilst management arrangements remain in place, buyers are advised to seek independent legal advice regarding the implications of an absent freeholder and satisfy themselves through their conveyancer before proceeding.
In addition, we understand that there are proposed works anticipated at the development which may result in future costs being payable by leaseholders. Full details of any planned works, associated costs and anticipated timescales should be confirmed by a purchaser's solicitor during the conveyancing process. Buyers should therefore be aware that additional expenditure may be required following completion.
All interested parties are advised to make their own enquiries and rely on their legal representative's investigations regarding both the absent freeholder position and any proposed maintenance or improvement works affecting the building.
Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
