Lot 79 Nine Car Parking Spaces In City Centre LocationAuction Date:
20th March 2025
Car Spaces 1-9, Grand Parade Mews, William Street, Brighton, BN2 9RU
On the instructions of Brighton & Hove City Council
Currently let at £8,640 per annum Estimated rental £12,000 per annum
Key Features
A great opportunity to acquire nine car parking spaces close to Brighton Pavilion and the seafront producing a gross income of £8,640 per annum with potential for rental growth.
The spaces are located in a block accessed from William Street which is just off Edward Street, in a private cul-de-sac to the rear of Grand Parade. Seven of the parking spaces are let and the remainder are vacant.
Spaces 1, 3, 4, 5, 6 & 7
Tenancy
Each let at £1,200 per annum, plus VAT. Total income £7,200 per annum, plus VAT.
Spaces 2, 8 & 9
Currently vacant.
Site Measurements
The spaces occupy a site measuring 0.01 hectares (0.03 acres).
Viewing
On site during daylight hours.
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
