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SOLD STC

Clermont Terrace, Brighton, East Sussex, BN1 6SH

Guide Price
£900,000
Added on 18/06/2021
Austin Gray, Auction House Sussex
BEDROOMS
×6

Property description

Tenure: Freehold

Sold prior to auction, for an undisclosed amount

**For Sale By Auction on Thursday 22 July 2021**

*Guide Price £900,000-£950,000

Substantial Freehold Investment as 5 self contained flats and 3 garages

producing £51,000 per annum

description

A substantial Victorian end terrace property arranged as 5 self contained flats with a good garden backing west and a block of 3 garages to the rear approached via a service road accessed from Cumberland Road.

All flats have individual gas fired central heating systems and are let on Assured Shorthold Agreements.The block of garages are all let to the same occupier on a separate garage licence.

The property has potential ( subject to usual consents ) for conversion back into a house.


Rent Schedule:

Flat 1 Front Studio 24 sqm Let at £575 pcm

Flat 2 Rear 1 bedroom flat 54 sqm Let at £875 pcm

Flat 3 Rear 1 bedroom flat 48 sqm Let at £900 pcm

Flat 4 Front Studio 24 sqm Let at £650 pcm

Flat 5 Top floor 2 bedroom flat 50 sqm Let at £1,000pcm

3 garages let total £250 pcm

Total rental income £51,000


EPC Rating D
Energy Performance Certificates

Clermont Terrace, Brighton, East Sussex, BN1 6SH

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Preston Park Station0.0 miles
  • London Road (Brighton) Station1.0 miles
  • Hove Station1.0 miles
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About the agent

Austin Gray, Auction House Sussex

Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH

Auction House Sussex are one of the largest property auctioneers in the South East of England. Run by Austin Gray, we have been auctioneers since 1987 and hold regular auctions throughout the year, incorporating all types of residential and commercial property, development sites, land and garages. We cover the whole of Sussex from Chichester in the west to Rye in the east, and north to Horsham and Crawley; we sell lots in Brighton, Hove, Worthing, Eastbourne and Hastings, and deliver a consis

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Disclaimer - Property reference 141898. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Austin Gray, Auction House Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 839132.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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