House For Sale £850,000
For sale by auction on Thursday, 22 Sep 2022 at 2.30pm
Venue: Live Stream
Substantial Freehold Investment arranged as 5 flats
A substantial Victorian semi-detached property arranged as 5 flats, with private garden to the rear and driveway to the front. The property requires modernisation. Currently one of the flats are let, producing £9,000 per annum, the remaining flats are vacant.
The property has potential (subject to usual consents) for conversion back into a house. Interested parties to make their own planning enquiries.
Situation
Situated on level ground forming part of the Clermont Estate and being within a 2 minute walk of Preston Park mainline station with direct access to London. Brighton City centre is just over 2 miles away to the South. The property lies in the Preston park Conservation area.
Nb we draw your attention to the special conditions in the legal pack, referring to other charges in addition to the purchase price. Please ensure you read the special conditions thoroughly
Rent
We have been informed that Flat 3 is currently let at approximately £750.00 pcm. We have requested a copy of the AST agreement to be uploaded to the legal pack.
Accommodation
Flat 1- (Basement) - 59.53 sqm
Flat 2 - (Ground Floor ) - sqm
Flat 3 - (-Mid-floor) - 42 sqm
Flat 4 - (-Mid-floor) - 31 sqm
Flat 5 - (- Mid-floor) - 40 sqm
EPC's
Flat 1 - tbc
Flat 2 - tbc
Flat 3 - D
Flat 4 - D
Flat 5 - D
Tenure - Freehold
Lot Type
Residential Investments
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
Substantial Freehold Investment arranged as 5 flats
A substantial Victorian semi-detached property arranged as 5 flats, with private garden to the rear and driveway to the front. The property requires modernisation. Currently one of the flats are let, producing £9,000 per annum, the remaining flats are vacant.
The property has potential (subject to usual consents) for conversion back into a house. Interested parties to make their own planning enquiries.
Situation
Situated on level ground forming part of the Clermont Estate and being within a 2 minute walk of Preston Park mainline station with direct access to London. Brighton City centre is just over 2 miles away to the South. The property lies in the Preston park Conservation area.
Nb we draw your attention to the special conditions in the legal pack, referring to other charges in addition to the purchase price. Please ensure you read the special conditions thoroughly
Rent
We have been informed that Flat 3 is currently let at approximately £750.00 pcm. We have requested a copy of the AST agreement to be uploaded to the legal pack.
Accommodation
Flat 1- (Basement) - 59.53 sqm
Flat 2 - (Ground Floor ) - sqm
Flat 3 - (-Mid-floor) - 42 sqm
Flat 4 - (-Mid-floor) - 31 sqm
Flat 5 - (- Mid-floor) - 40 sqm
EPC's
Flat 1 - tbc
Flat 2 - tbc
Flat 3 - D
Flat 4 - D
Flat 5 - D
Tenure - Freehold
Lot Type
Residential Investments
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.
