1 bed Flat For Sale, Wakefield Road, Brighton BN2

Description

For sale by auction on Tuesday, 31 Jan 2023 at 2.30pm

Venue: Live Stream

offered on behalf of the executors

Leasehold 1 Bedroom First Floor Flat

A first floor flat, within a period conversion comprising of a living room and separate kitchen to the front of the property, with bedroom and bathroom to the rear.

Situation

Wakefield Road is situated within The Roundhill Conservation Area, and is just under half a mile away from Lewes Road, offering a variety of cafes, shops, retail, restaurants, bars and entertainment facilities. The North Laines and Brighton Mainline Railway Station are just under a mile away (London Victoria 62 minutes).

Accommodation

Living Room - 4.04 x 3.61 m

Kitchen - 3.48 x 2.01 m

Bedroom - 3.45 x 2.38 m

Bathroom - 2.17 x 1.17 m

Total Floor Area - 50 sq.m

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

Tenure

Leasehold - 99 years from 24.06.1974 (approximately 50 years remaining)

Ground rent rises every 25 years £20.00/£30.00/£45,00/£68.00.

Current rent payable £30.00 per annum.

Note - the vendor will serve A sec 42 notice for A statutory lease extension and assign the benefit of that notice to the purchaser prior to completion

Tenancy

Let on an Assured Shorthold Agreement for 12 months, expired 20th July 2022 at a rent of £1,150 pcm, tenant holding over.

Council Tax

Band A

EPC Rating
D

Lot Type
Residential

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.

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1 bed Flat For Sale £125,000 Wakefield Road, Brighton BN2

1 bed Flat For Sale £125,000
Wakefield Road, Brighton BN2