Lot 29 Mixed Use Investment In City Centre LocationAuction Date:
16th June 2022
14-14A Elm Grove, Brighton, BN2 3DD
Currently let at £12,084 per annum
This terraced bay-fronted property has double glazing throughout and is arranged over two floors as a self-contained two-bedroom first floor flat, with gas heating system via radiators and a ground floor retail unit. It is currently let at £12,084 per annum with the potential for a rental increase.
It is situated on the south side of the road close to its junction with Wellington Road in the heart of Brighton's popular Hanover district. There are comprehensive local shopping facilities and amenities in the immediate vicinity, with more comprehensive facilities including the mainline railway station and seafront in the city centre lying just over two miles to the south.
There are excellent road links to Gatwick, London and all surrounding coastal towns via the A23 and A27.
Residential Flat
Ground Floor
Entrance hall with stairs leading to:
First Floor
Half landing, bedroom, landing with access to roof space, kitchen, living room, sun room with balcony, access to rear decked area, second bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £627 per calendar month.
Council Tax Band A
Commercial Unit
Ground Floor
Retail area leading to rear office, kitchen area, store room and W.C.
Outside
Rear patio area.
Tenancy
Let on a commercial lease at a current rental of £380 per calendar month.
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
