Lot 109 House Arranged As Four Flats Producing Just Over £32,000 Per AnnumAuction Date:
16th June 2022
78 Newmarket Road, Brighton, BN2 3QF
Currently let at £32,160 per annum
This freehold end-terrace bay-fronted property is arranged over four floors as four self-contained flats and currently produces £32,160 per annum. It is situated in a central and convenient location just off Lewes Road with comprehensive local shopping facilities and amenities in the immediate vicinity. Brighton and Sussex Universities are in the locality with the city centre and seafront lying just over two miles to the south. There are excellent road links to Worthing, Eastbourne, Gatwick and all surrounding areas via A27/A23.
Lower Ground Floor Flat
Entrance hall, bedroom, store, bathroom/W.C., living room, kitchen, stairs down to rear garden mainly laid to lawn with raised deck area.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £850 per calendar month.
Council Tax Band A
Ground Floor Flat
Entrance hall, kitchen, bedroom, bathroom/W.C., living room.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £660 per calendar month.
Council Tax Band A
First Floor Flat
Entrance hall, kitchen, bedroom, bathroom/W.C., living room.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £680 per calendar month.
Council Tax Band A
Top Floor
Entrance lobby, studio room with incorporated kitchen, bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £490 per calendar month.
Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
