Lot 31 - RESIDENTIAL INVESTMENT - Clive Emson Auctioneers

Withdrawn

Currently let at £5,700 per annum

This compact studio unit forms part of the first floor of this substantial corner property in the heart of Brighton's sought after Seven Dials area. The flat is offered with a new long lease and has been rented out as a buy-to-let for many years. It is let on an Assured Shorthold Tenancy Agreement at £5,700 per annum.

The property is situated on the corner of Dyke Road and Buckingham Place within close proximity of Brighton mainline railway station, city centre and seafront. There are comprehensive shopping facilities in the immediate vicinity with excellent road links providing easy access to Hove, Gatwick and coastal towns.

Accommodation

Studio room with access to flat roof, kitchen area, shower and separate W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £475 per calendar month.

Tenure

To be sold on a new 99 year lease at a peppercorn ground rent.

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/