• Freehold Grade II Listed Residential Investment Producing £31,500 per annum
  • Arranged as Four Flats on Four Floors All Let on Assured Shorthold Tenancies
  • Situated in the Heart of Brighton City Centre Close to Seafront & Amenities
LOCATION Situated on the east side of Grand Parade overlooking Victoria Gardens close to its junction with Richmond Parade. The comprehensive shopping facilities and amenities of the city centre are located in the immediate vicinity with the seafront lying ¼ mile to the south. Brighton mainline station is situated ¼ mile to the west.
DESCRIPTION This inner terrace grade II listed four storey property is arranged as four flats (2 x 1 bed, 1 x 2 bed, and 1 x studio) producing £31,500 per annum. All flats are let on assured shorthold tenancies and the first floor studio is non-self contained.The lower ground floor patio flat has the benefit of gas central heating with the remainder having electric storage heating. TENURE Freehold, subject to existing tenancies


Dakers Solicitors, 11-12 Queens Place, Brighton, BN1 4JY Tel: 01273 571685 FAO: Tim Dakers


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LOWER GROUND FLOOR FLAT (OWN STREET ENTRANCE) LOUNGE: 4.9m x 3.2m. Radiator HALLWAY: Radiator BEDROOM: 4m x 3.2m. Radiator SHOWER ROOM: Radiator SEPARATE WC: Low level suite, pedestal wash basin and radiator KITCHEN: 4m x 1.7m. Fitted units with wall mounted gas boiler. Glazed door to: REAR PATIO: 6.6m x 3m. GROUND FLOOR FLAT LOUNGE: 4.9m x 3.2m. Electric storage heater KITCHEN: 3.2m x 1.8m. BEDROOM: 2.8m x 2.3m. INNER HALLWAY: Door to: SEPARATE WC: Low level WC BATHROOM: White suite, side panelled bath and pedestal wash basin. FIRST FLOOR HALF LANDING BATHROOM: White suite, side-panelled bath, pedestal wash basin SEPARATE WC: Low level WC FIRST FLOOR FLAT (NON SELF-CONTAINED) STUDIO ROOM: 6.2m x 4.9m. Electric storage heater. KITCHEN: 3.2m x 2.9m. SECOND & THIRD FLOOR MAISONETTE (ACCESS FROM FIRST FLOOR) STAIRS TO: SECOND FLOOR HALLWAY: Stairs to: Third Floor LOUNGE: 5m x 4.3m. Electric storage heater. SHOWER ROOM SEPARATE WC: Low level WC THIRD FLOOR LANDING: Access to roof space BEDROOM 1: 4.5m x 3.6m. Wash hand basin and electric storage heater BEDROOM 2: 4m x 2.8m. Wash hand basin and electric storage heater
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UNIT Rental Status Tenancy Start Date Monthly Rent
Lower Ground Floor Flat – 1 Bed Assured Shorthold Tenancy 4th October 2014 – 6 Months £675 p.c.m
Ground Floor – 1 Bed Assured Shorthold Tenancy Holding Over from 27th April 2008 £550 p.c.m
First Floor – Studio Assured Shorthold Tenancy 28th November 2014 – 6 Months £550 p.c.m
Second & Third Floor Maisonette – 2 Bed Assured Shorthold Tenancy 23rd October 2014 – 6 Months £850 p.c.m
TOTAL £31,500 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.