Sold for £716,000

By Order of the Trustees

A freehold building arranged as 4 x 1 bedroom flats, let producing £34,140 pa.

Description/Location

Situated in a sought after residential area close to the seafront. We refer bidders to the legal pack for copies of the ASTs and a schedule of rents.

Tenure

Freehold.
Energy Ratings: LGF: F, Others all D.
All flat sizes sourced from EPCs.

Local Authority

Brighton and Hove City Council

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Lower Ground Floor: 47 sqm, garden, AST £120 pw. Ground Floor: 41 sqm, AST £825 pm. First Floor: 41 sqm, AST £800 pm. Second Floor: 49 sqm, AST £750 pm.Outside: Gardens front and rear.

Rent

Current Rent: £34,140 pa

Virtual Tour

Virtual Tour 5 Lansdowne Street
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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.