Description

  • Leasehold Spacious One Double Bedroom Second Floor Apartment
  • Currently Let on an Assured Shorthold Tenancy Producing £9,000 Per Annum
  • Sought After City Centre Location
DESCRIPTION This spacious one double bedroom apartment forms part of the second floor of a terraced period property and is offered in good decorative order with the benefit of gas central heating. The property is currently let on a periodic assured shorthold tenancy at £750 per calendar month providing for an ideal buy-to-let investment/first time purchase. “NB: Following exchange of contracts and prior to completion of the sale, the seller has advised that upon the express request of the purchaser, they are prepared to serve a s42 Notice on the freeholder advising of their intention to apply for a lease extension which will allow the purchaser, at their own cost, to immediately be able to apply for an extension to the lease without incurring the possibility of having to wait the Statutory 2 year period.” Please see special conditions of sale for confirmation. TENURE Leasehold subject to existing tenancy. TENANCY Let on a periodic assured shorthold tenancy at £750 per calendar month

Solicitors

Morgan Kelly Solicitors, Castleworks, Westgate Street, Lewes, BN7 1YR Tel: 01273 407970 Contact: Sarah Morgan-Kelly

Accommodation

Column 1 Column 2
ACCOMMODATION
LOUNGE/INTEGRATED KITCHEN: 5.6m (max) x 4.7m (max into bay)
BEDROOM 1: 3.3m (max) x 2.8m
BATHROOM: Side panelled bath with shower over, wash hand basin and low level WC
OUTGOINGS
LEASE: 99 years from 29th September 1986
GROUND RENT: £30 per annum until 29th September 2019 whereupon it doubles to £60 per annum
SERVICE CHARGE: 16% contribution to total expenditure

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.