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Gordon Road, Brighton

Brighton
For sale by auction

Guide price

£195,000
LOT SOLD

About this property

Property Summary

FOR SALE BY AUCTION on 26 February 2025

Auction Guide £195,000 to £200,000

FUTURE SHARE OF FREEHOLD

The maisonette will be sold on a new 999 year lease however the Seller owns the entire freehold and intends selling all of the units in the building. A long lease of 999 years will be granted on completion without ground rent and we are advised there are no anticipated works scheduled to the building so that it is expected that pending further sales in the building only insurance rent will be demanded. Upon the sale of the last flat in the building the Seller will transfer the freehold to the leaseholders without premium.


FOR INVESTMENT PURPOSES ONLY AS THE PROPERTY IS LET TO A LONG TERM STATUTORY PROTECTED TENANT THERFORE ANY KIND OF IMMEDIATE POSSESSION IS NOT IN ANYWAY POSSIBLE.


Substantial residential investment comprising of large 2 bedroom maisonette situated on the ground and first floors of this period building let to a protected statutory tenant at a passing rent of £10,800 effective from 1st January 2025 and is considered to be in good condition throughout having the benefit of replacement double glazed windows and particularly spacious internal accommodation.

The property offers significant future capital uplift and growth.

Located in the heart of the favoured Preston Park just off Surrenden Road within the highly desirable 'Surrenden' district close to local facilities, Preston Park itself and also Preston Park Mainline Railway Station. Bus services access the city centre of Brighton.

Property Features

Property Features

  • For Sale By Auction on 26th February 2025
  • Residential Investment in Good Condition Throughout
  • Let to a Long Term Protected Statutory Tenant
  • Comprising of Large 2 Bedroom Ground and First Floor Maisonette
  • New 999 Year Lease to be Granted
  • Future Share of Freehold Please Refer to Legal Pack
  • Exceptional Future Capital Uplift and Growth
  • In The Heart of The Favoured Preston Park Location
  • Replacement Double Glazed Windows
  • Rent £10,800 Per Annum
Register to bid

Auction date and time

24th June 2026

Auction location

The Hove Club
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

Let's Talk

Lot and auction information, viewings and advice

Simon Caplin, Head of Auctions

Simon Caplin

Tel:
01273 762039

Email:
simonc@psandb.co.uk

Lucy

Lucy Rowland

Tel:
01273 762039

Email:
lucyr@psandb.co.uk

Important notice – Pre-registration approaval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid
PS&B require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to
pre-register.

Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made).

Guide Prices

  1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
  2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
  3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction.
  4. All guide prices are quoted “subject to contract”.
  5. Please note the guide price for the Lot does not include:
    – any Buyers’ Fee charged by the auctioneers;
    – VAT on the sale price;
    – SOLT or any other Government taxes;
    – additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
  6. If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do not call our office about this – the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices
The reserve price is the minimum price at which the Lot can be sold.

For more information see Important Notes for Bidders

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