Sold for £762,000

By Order of the Trustees

A freehold building comprising 1 x 3 bedroom duplex and 2 x 1 bedroom apartments arranged across 4 floors, let producing £37,680 pa. Development potential.

Description/Location

Situated on the edge of Seven Dials with the station (0.4 miles) and seafront nearby. There is potential to extend the garden flat and create a 2 bedroom unit and to convert the duplex into 2 x 1 bedroom flats, subject to planning.

Tenure

Freehold
Energy Ratings: D (GF, FF/2F), F (LGF).

Local Authority

Brighton and Hove City Council

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Lower Ground Floor: 1 bed 68 sqm, rear garden, periodic AST £890 pm. Ground Floor: 1 bed 57 sqm, periodic AST £900 pm. First & Second Floors: 3 bed 116 sqm, periodic AST £1350 pm. Outside: Gardens front and rear.

Rent

Current Rent: 37,680 pa

Virtual Tour

Virtual Tour Ground floor flat
Additional Virtual Tour video

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.