Description

  • Freehold Mid-Terraced Building Arranged Over Four Floors
  • Currently Arranged as 3 x Self-Contained Apartments and a 3 Room HMO – Currently Let Producing £41,400 Per Annum
  • Sought After Location in the Heart of Kemptown
LOCATION The property is conveniently located within the heart of Kemptown immediately adjacent to Brighton promenade. St James’s Street is within close proximity with its comprehensive shopping facilities, cafés/restaurants and bus stops providing links to all surrounding areas. Brighton city centre (including Churchill Square Shopping Centre) and Brighton mainline railway station offering direct links to London are both within the vicinity. DESCRIPTION Substantial mid-terrace period property with a recently approved planning consent for 3 self-contained flats and a three room House in Multiple Occupation (HMO). The HMO section of the property has a licence and currently produces £16,200 per annum (which in our opinion is under let).
ACCOMMODATION GROUND FLOOR LOWER GROUND FLOOR Flat 3 (Arranged as 1 bed) FIRST FLOOR Flat 5 (Studio) SECOND FLOOR Flat 7 (Arranged as a 2 bed)

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.