House For Sale £800,000
For sale by auction on Thursday, 23 Sep 2021 at 2.30pm
Venue: Live Stream
Freehold Residential Investment as 5 flats producing a total income of £46,860 per annum
An end of terrace Victorian building arranged as 5 self contained flats, all let, producing £46,860pa.
The ground floor front has access to a front basement room which could be converted, subject to consent, to form a 2 Bedroom flat.
All flats are let on Assured Shorthold Tenancies
Lot Type
Residential Investments
Situation
Situated at the junction of Ditchling Rise and Beaconsfield Road facing due south close to Preston Circus and Preston Park. Easy access to Brighton City centre and Brighton and Preston Park mainline railway stations.
Accommodation
Flat 1 (41 sqm)- ground floor (front)
1 Bedroom flat with basement room. Access to rear garden Let @ £825pcm. EPC D
Flat 2 (41sq.m.) - first floor (front) 1 Bedroom flat Let @ £830pcm. EPC - C
Flat 3 (19sq.m.) - first floor (rear) Studio flat let @ £650pcm.EPC - C
Flat 4 (43sq.m.) - second floor (top)
1 Bedroom flat can be enlarged by roof conversion for second bedroom subject to usual consent Let @ £850pcm.EPC - D
Flat 5 (18sq.m.) - ground floor (rear) Separate access.
Studio flat with access to small garden Let @ £750pcm EPC - D
EPC Rating: D
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 £1,200 (£1,000 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 as 5 flats producing a total income of £46,860 per annum
An end of terrace Victorian building arranged as 5 self contained flats, all let, producing £46,860pa.
The ground floor front has access to a front basement room which could be converted, subject to consent, to form a 2 Bedroom flat.
All flats are let on Assured Shorthold Tenancies
Lot Type
Residential Investments
Situation
Situated at the junction of Ditchling Rise and Beaconsfield Road facing due south close to Preston Circus and Preston Park. Easy access to Brighton City centre and Brighton and Preston Park mainline railway stations.
Accommodation
Flat 1 (41 sqm)- ground floor (front)
1 Bedroom flat with basement room. Access to rear garden Let @ £825pcm. EPC D
Flat 2 (41sq.m.) - first floor (front) 1 Bedroom flat Let @ £830pcm. EPC - C
Flat 3 (19sq.m.) - first floor (rear) Studio flat let @ £650pcm.EPC - C
Flat 4 (43sq.m.) - second floor (top)
1 Bedroom flat can be enlarged by roof conversion for second bedroom subject to usual consent Let @ £850pcm.EPC - D
Flat 5 (18sq.m.) - ground floor (rear) Separate access.
Studio flat with access to small garden Let @ £750pcm EPC - D
EPC Rating: D
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 £1,200 (£1,000 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.
