Lot 23 Mixed Use Part Possession For InvestmentAuction Date:
12th June 2024
19 Upper Hamilton Road, Brighton, BN1 5DF
Currently let at £8,000 per annum - Estimated rental £23,000 per annum
A rare opportunity to acquire this mid-terrace bay-fronted period property arranged as a ground floor shop and a self-contained one-bedroom flat above.
The shop is trading as Port Hall Stores and is let on a 10-year lease. The one-bedroom flat occupies the whole of the first floor and is in need of some repair but is offered with contemporary fixtures and fittings and is vacant.
The property is situated in the established residential Port Hall area of Brighton, between Dyke Road and Stanford Road and is a popular commercial thoroughfare with pubs, cafes and schools in the immediate vicinity. Brighton city centre is easily accessible with excellent road links to all surrounding areas
via the nearby A27 and A23.
Commercial
Ground Floor
Front retail unit, rear store, separate W.C.
Outside
Attractive south-facing patio garden.
Tenancy
Let on a 10-year internal repairing and insuring lease from 24th October 2022 with five yearly rent reviews at a passing rent of £8,000 per annum.
Residential
Ground Floor
Entrance hall with stairs to:
First Floor
Half landing, kitchen, bathroom/W.C., landing, access to roof space, living room, double bedroom.
Tenancy
Currently vacant.
Council Tax Band A
Freehold with Part Vacant Possession
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
