Lot 135 Two Parking Spaces In City CentreAuction Date:
26th July 2023
Braemar House, Norfolk Road, Brighton, BN1 3AR
Currently let at £5,600 per annum
A rare opportunity to acquire two car parking spaces located within a walled compound in the heart of the city centre. They are accessed via an archway to the rear of Braemar House and produce £5,600 per annum.
The spaces are situated at the southern end of Norfolk Road, close to its junction with Western Road, close to local shopping facilities, offices, pubs and restaurants with the seafront and its recreational facilities only a few hundred metres to the south. There are excellent road links to Hove, Worthing and other coastal towns via the A259, the A23 linking Gatwick and London.
Parking Space 9
Tenancy
Let on a licence at £170 per calendar month.
Parking Space 10
Tenancy
Let on a licence at £300 per calendar month via the parking portal Just Park.
Tenure
Remainder of a 999-year lease, from 25th May 1967, at a current ground rental of £100 per annum.
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
