Lot 19

46A & 48A America Lane, Haywards Heath, West Sussex (Archive)


> Investment Opportunity With Potential Yield Circa 8.5%
> Comprising 1 x 1 Bed & 1 x 2 Bed Maisonettes
> Estimated Combined Rents Of £17,000 Per Annum

Guide Price: £195,000 Plus

Description:

Lease Details

The Lease is dated 19th October 2007 for a term of 999 years from 19th October 2007.

Location

The properties are located in an established residential area which is well placed for access to various local amenities. Haywards Heath town centre is approximately one mile away providing a comprehensive array of shopping, leisure and dining facilities along with a number of travel networks providing connections to London and surrounding areas.

Description

This ideal investment opportunity comprises of a first floor one bedroom maisonette and a first/second floor two bedroom maisonette which were modernised and converted in around 2009. Since then the properties have been used for rental purposes with an estimated combined rent at £17,000 pa. The properties are now been offered to the market with vacant possession and in good decorative condition, making them an ideal investment purchase.

Accommodation

GROUND FLOOR: External Staircase to First Floor. FIRST FLOOR: Covered Entrance Porch with Private Front Doors to: 48a - Kitchen, Inner Hallway, Living Room, Bedroom, Bathroom. 46a - Entrance Hallway with Stairs to Second Floor, Bedroom One, Bathroom. SECOND FLOOR: Landing, Bedroom Two, Open Plan Kitchen/Living Room.

Tenure

Leasehold

EPC Rating

Both Flats - C

Important Notice

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at. When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.

Viewing Dates and Times

Strictly by appointment with Fox & Sons Haywards Heath.