Lot 115

FREEHOLD GROUND RENTS

Ground Rents, 7 Beaconsfield Road, Brighton, BN1 4QH
Ground Rents, 7 Beaconsfield Road, Brighton, BN1 4QH
Sold £100

Currently let at £65 per annum

A mid-terrace bay fronted property arranged over three floors as two self-contained flats. It is situated in a central location in a mixed commercial/residential thoroughfare just off Preston Circus, close to Brighton city centre. The ground floor flat is sold on a 999 year lease, from 25th December 1999, at a current ground rental of £40 per annum. The first/ second floor maisonette has been sold on a 999 year lease, from 24th June 1981, at a current ground rental of £25 per annum.

We understand that the freeholder is responsible for maintenance, management and insurance of the building, recovering the costs from the leaseholders by way of a service charge.

Auctioneer's Note

Sections 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/