Lot 100

FREEHOLD HOUSE IN MULTIPLE OCCUPATION PLUS VACANT BASEMENT FLAT

31 Marlborough Place, Brighton, BN1 1UA
31 Marlborough Place, Brighton, BN1 1UA
Available At £650,000 + Fees

Currently let at £49,680 per annum

Estimated rental £64,000 per annum

Viewing by arrangement with Clive Emson Auctioneers

This attractive bow fronted five storey property is arranged as a licenced HMO on the upper flour floors plus a refurbished vacant lower ground floor patio flat. The HMO has six letting rooms plus kitchen and shower room facilities and produces £49,680 per annum. The property has a gas heating system via radiators, contemporary fixtures and fittings and a small enclosed patio area. The lower ground floor flat offers good sized one bedroom accommodation having been recently refurbished and provides an ideal opportunity for an owner occupier or investor.

The HMO is situated in a central and convenient location in the heart of the city centre close to bars, shops and restaurants with the seafront and mainline railway station all easily accessible.

Ground Floor

Entrance hall, stairs to first floor, living room, kitchen with utility area and glazed door to enclosed rear patio.

Room 1

Double bedroom.

Lower Ground Floor

Flat - Vacant

Main street entrance, stairs to entrance hall, kitchen, living room, double bedroom, bathroom with W.C. and glazed door to rear patio.

Council Tax Band A

First Floor

Half landing, W.C., inner lobby, two shower rooms with W.Cs.

Room 2

Double bedroom.

Second Floor

Landing and stairs to third floor.

Room 3

Double bedroom.

Room 4

Double bedroom.

Third Floor

Landing.

Room 5

Double bedroom.

Room 6

Double bedroom with access to small balcony with views over the city and sea front.

Upper Floors Council Tax Band D

Viewing

The upper parts are tenanted so will only be able to be viewed externally but the lower ground floor is vacant and viewings are available by appointment.

Outside

Small west facing patio with separate access.

Tenancy

The HMO is let on an Assured Shorthold Agreement for 11 months commencing 21st September 2023 at a current rental of £4,140 per calendar month.

31 Marlborough Place, Brighton

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/