House For Sale £1,100,000
For sale by auction on Thursday, 10 Jun 2021 at 14.30pm
Venue: Live Stream
Freehold residential investment in a Conservation area comprising 7 flats producing £68,400 pa Rarely available
An unusual opportunity to acquire this unbroken substantial Victorian 4 -storey semi detached property (built circa 1851/2 ) on the south side of a pair converted into 7 self contained flats which are all let on Assured Shorthold Tenancies.
The property has recently been the subject of refurbishment externally with a complete redecoration to all elevations. The lower ground floor flat has been refurbished as have 3 of the upper flats.
There is a car space to the front of the property - possibly 2 spaces if the front garden area was paved over.
Accommodation
Basement Flat (67sqm) 2 bedroom Flat with own entrance and rear garden. Let AST at £1350 pcm
Ground Floor Flat 1: (25sqm) Studio Flat.
Let AST at 650pcm
Flat 2; (44sqm) 1 Bedroom Flat. Let AST at £750pcm
First Floor Flat 3: (25sqm) Studio Flat.Let AST at £750pcm
First Floor Flat 4: (25sqm) Studio Flat. Let AST at £750pcm
Second Floor Flat 5: (26sqm) Studio Flat. Let AST at £775pcm
Second Floor Flat 6: (25sqm) Studio Flat. Let AST £675 pcm
Lot Type
Residential Investments
Situation
Situated on level ground between Church Road (being the main shopping thoroughfare with bars and restaurants) and Hove seafront and promenade - this is a fantastic location in Central Hove and within the Cliftonville Conservation area. Hove mainline station is a 10/15 minute walk to the North. Brighton City Centre is within easy reach.
Additional Fees
Administration Charge - Purchasers will be required to pay an Administration fee of 0.3% (0.25% plus VAT) of the sale price, subject to a minimum of £660 (£550 plus VAT)
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Live Stream
Freehold residential investment in a Conservation area comprising 7 flats producing £68,400 pa Rarely available
An unusual opportunity to acquire this unbroken substantial Victorian 4 -storey semi detached property (built circa 1851/2 ) on the south side of a pair converted into 7 self contained flats which are all let on Assured Shorthold Tenancies.
The property has recently been the subject of refurbishment externally with a complete redecoration to all elevations. The lower ground floor flat has been refurbished as have 3 of the upper flats.
There is a car space to the front of the property - possibly 2 spaces if the front garden area was paved over.
Accommodation
Basement Flat (67sqm) 2 bedroom Flat with own entrance and rear garden. Let AST at £1350 pcm
Ground Floor Flat 1: (25sqm) Studio Flat.
Let AST at 650pcm
Flat 2; (44sqm) 1 Bedroom Flat. Let AST at £750pcm
First Floor Flat 3: (25sqm) Studio Flat.Let AST at £750pcm
First Floor Flat 4: (25sqm) Studio Flat. Let AST at £750pcm
Second Floor Flat 5: (26sqm) Studio Flat. Let AST at £775pcm
Second Floor Flat 6: (25sqm) Studio Flat. Let AST £675 pcm
Lot Type
Residential Investments
Situation
Situated on level ground between Church Road (being the main shopping thoroughfare with bars and restaurants) and Hove seafront and promenade - this is a fantastic location in Central Hove and within the Cliftonville Conservation area. Hove mainline station is a 10/15 minute walk to the North. Brighton City Centre is within easy reach.
Additional Fees
Administration Charge - Purchasers will be required to pay an Administration fee of 0.3% (0.25% plus VAT) of the sale price, subject to a minimum of £660 (£550 plus VAT)
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
