Description

  • Substantial Freehold Residential Investment Arranged as Three Self-Contained Flats Over Three Floors
  • Comprising Two x Three Bed Flats and 1 x 2 Bed Flat – All Currently Let on ASTs with Potential for Rental Uplift
  • Sought After City Centre Location
LOCATION The property occupies a prominent corner location between Upper Lewes Road and Wakefield Road. Located within this popular residential area, the property is within walking distance of Brighton railway station and the city centre. DESCRIPTION This substantial detached corner property is arranged as three self-contained flats over three floors. The property comprises two three bedroom flats and a one two bedroom flat which has an additional reception room. Each flat is currently let on an assured shorthold tenancy at £1,000 per calendar month however, it is considered that all units are currently underlet and have the potential for the rents to be improved. TENURE Freehold, subject to existing tenancies

Solicitors

Mayo Wynne Baxter, 3 Bell Lane, Lewes, BN7 1JU Tel: 01273 477071 FAO: Nick Sanders

Accommodation

Column 1 Column 2
1A WAKEFIELD ROAD – GROUND FLOOR FLAT HALL BEDROOM 1: 4.1m x 3.8m (into bay) BEDROOM 2: 4.1m x 3.5m (into bay) BEDROOM 3: 2.7m x 1.7m. KITCHEN: 3.3m x 2.3m. BATHROOM: Side panelled bath, wash hand basin SEPARATE WC LOUNGE: 5.7m (into bay) x 4.3m. DOOR TO PATIO GARDEN 1B WAKEFIELD ROAD – FIRST FLOOR FLAT HALL LOUNGE: 4.1m x 3.2m. BEDROOM 1: 4.2m x 3.1m. BEDROOM 2: 4.9m x 3.3m. BEDROOM 3: 2.5m x 1.8m. KITCHEN: 3.5m x 2.3m. BATHROOM: Side panelled bath and wash hand basin SEPARATE WC 3 UPPER LEWES ROAD – RAISED GROUND FLOOR FLAT HALL BEDROOM 1: 3.5m x 3m. BEDROOM 2: 3.9m x 2.2m ROOM: 3.2m x 1.5m. LOUNGE: 4.9m x 3.6m. KITCHEN/DINER: 3.9m x 3.5m. BATHROOM: Side panelled bath, wash hand basin SEPARATE WC
Column 1 Column 2 Column 3 Column 4
TENANCY SCHEDULE
1A Wakefield Road Periodic Assured Shorthold Tenancy 1st June 2016 £1,000 pcm
1B Wakefield Road Periodic Assured Shorthold Tenancy 16th December 2013 £1,000 pcm
3 Upper Lewes Road Assured Shorthold Tenancy 8th February 2017 – 7th August 2017 £1,000 pcm
TOTAL £36,000 Per Annum

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.