Initial price	£45,000
01/10/25	£25,000
Price Change	-44.44%

This vacant ground floor one-bedroom flat is being sold by online public auction on October 16th, 2025, with a guide price of £25,000-£50,000. The property is held on a 99-year lease from 1986, with approximately 59 years remaining. Located on a residential road, it's close to local shops and amenities, and Bognor Regis Beach is within easy reach. The flat is arranged over ground and first floors, with a reception room, kitchen, bedroom, and bathroom. It's essential to note that as the lease is short, the buyer will need to pay a premium to the freeholder to extend the lease to 90+ years, and the freeholder has the right to refuse the offer and submit a counter notice with their suggested price.