Burgess Hill, West Sussex

about this property

Built in the 1980's the development is arranged as 8 flats in a 2 storey block to the front and 6 bungalows to the side and rear.

There is a small commercial office on site and forming part of the title but this is excluded from the sale, albeit it may be available to be purchased. Age requirement of 55 and over to occupy any of the units.

Leases/Ground Rent Review Clause
All Leases are 150 years from 01.09.1987, all commencing @£50pa and reviewed every 25 years to RPI save for Flat 2, where commencing ground rent of £100pa. The current rent is £1,778pa.

The next review is in 14 years time (2037).

Notes
1. Sole Agents.
2. All copy Leases, Freehold office copy entries available on request.
3. Service charge accounts available upon request.
4. Last sales in development:-
a) No. 3 - £210,000 (2 Bed) - 22 July 2021
b) No. 1 - £90,000 (2 Bed) - 19 March 2021
c) 2 Bed on market for £210,000
d) 2 Bed bungalow on market for £225,000

On each assignment 1% of the sale price is paid to the Freeholder (save for flats 7&8).

Freeholder Manages & Insures

Offered, subject to Section 5A Notices Landlord & Tenant Act 1987 as amended.