Lot 100 - Freehold House In Multiple Occupation Plus Vacant Basement Flat
31 Marlborough Place, Brighton, BN1 1UA
Guide Price: *
£600,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£600,000Bid history
0 bidsGuide Price* : £600,000 - £650,000
Currently let at £49,680 per annum
Estimated rental £64,000 per annum
This attractive bow fronted five storey property is arranged as a licenced HMO on the upper flour floors plus a refurbished vacant lower ground floor patio flat. The HMO has six letting rooms plus kitchen and shower room facilities and produces £49,680 per annum. The property has a gas heating system via radiators, contemporary fixtures and fittings and a small enclosed patio area. The lower ground floor flat offers good sized one bedroom accommodation having been recently refurbished and provides an ideal opportunity for an owner occupier or investor.
The HMO is situated in a central and convenient location in the heart of the city centre close to bars, shops and restaurants with the seafront and mainline railway station all easily accessible.
Ground Floor
Entrance hall, stairs to first floor, living room, kitchen with utility area and glazed door to enclosed rear patio.
Room 1
Double bedroom.
Lower Ground Floor
Flat - Vacant
Main street entrance, stairs to entrance hall, kitchen, living room, double bedroom, bathroom with W.C. and glazed door to rear patio.
Council Tax Band A
First Floor
Half landing, W.C., inner lobby, two shower rooms with W.Cs.
Room 2
Double bedroom.
Second Floor
Landing and stairs to third floor.
Room 3
Double bedroom.
Room 4
Double bedroom.
Third Floor
Landing.
Room 5
Double bedroom.
Room 6
Double bedroom with access to small balcony with views over the city and sea front.
Upper Floors Council Tax Band D
Viewing
The upper parts are tenanted so will only be able to be viewed externally but the lower ground floor is vacant and viewings are available by appointment.
Outside
Small west facing patio with separate access.
Tenancy
The HMO is let on an Assured Shorthold Agreement for 11 months commencing 21st September 2023 at a current rental of £4,140 per calendar month.
Summary
- Lot number
- 100
- Auction end
- 20th Mar at 13:50
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 5+
- Bathrooms
- 3+
- Council tax band
- Ask Agent
Summary
- Lot number
- 100
- Auction end
- 20th Mar at 13:50
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 5+
- Bathrooms
- 3+
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Sussex & Surrey
01273 504232
83 Bates Road, Brighton, East Sussex, BN1 6PF
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
