guide price: £140000-£150000 leasehold - Homeflow
FOR SALE BY PUBLIC AUCTION
FLAT 3 (TOP FLOOR FLAT), 90 ROUNDHILL CRESCENT, BRIGHTON, BN2 3FR
GUIDE PRICE: £140,000-£150,000 LEASEHOLD * Leasehold One Bed Top Floor Flat * Currently Let Producing £7,500 Per Annum with Rental Uplift Potential to Approximately £9,000-£9,600 Per Annum * Ideal Buy-to-Let Investment / First Time Purchase * Sought After Central Location *
Flat 3 (Top Floor Flat), 90 Roundhill Crescent, Brighton, East Sussex, BN2 3FR LOCATION Situated just off Upper Lewes Road, the property is conveniently located close to the Vogue gyratory system and Sainsbury’s supermarket. Local shops and amenities are located closeby along with the University of Brighton. DESCRIPTION
This one bedroom top floor flat forms part of this inner terraced converted building. The property is in good decorative order throughout and benefits from stunning views over Brighton. Currently let on a periodic assured shorthold tenancy at £625 per calendar month however, it is considered that the property is currently underlet and has the potential to achieve a monthly rental income of approximately £750-£800 thus increasing the annual income to £9,000-£9,600. Auctioneers Note: 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 his 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.
ACCOMMODATION HALLWAY:
Stairs leading to Lounge
LOUNGE WITH INCORPORATED KITCHEN:
4.5m (max into recess) x 3.7m.
BEDROOM:
3.5m x 2.4m (into recess area). Large storage cupboard.
BATHROOM:
Comprising side panelled bath, pedestal wash basin and low level WC.
TENANCY:
Let on a periodic assured shorthold tenancy at £625 per calendar month.
TENURE:
Leasehold, subject to existing tenancy
OUTGOINGS LEASE:
99 years from 25th March 1985
GROUND RENT:
£100 per annum increasing by £50 every 25 years of term
SERVICE CHARGE:
25% contribution
GUIDE PRICE: £140,000-£150,000 LEASEHOLD SOLICITORS: Mayo Wynne Baxter Solicitors, 3 Bell Lane, Lewes, BN7 1JU Tel: 01273 477071 Contact: Nick Sanders
* Guide Prices & 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. VIEWING: BY APPOINTMENT THROUGH PARSONS SON & BASLEY, TEL: 01273 274014 THE PROPERTY MISDESCRIPTIONS ACT 1991 The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sale particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property. DATA PROTECTION ACT 1998 Please note that all personal information provided by customers wishing to receive information and/or services from the estate agent will be processed by the estate agent, for the purpose of providing services associated with the business of an estate agent and for the additional purposes set out in the privacy policy, copies available on request but specifically excluding mailings or promotions by a third party. If you do not wish your personal information to be used for any of these purposes, please notify your estate agent.
FLAT 3 (TOP FLOOR FLAT), 90 ROUNDHILL CRESCENT, BRIGHTON, BN2 3FR
GUIDE PRICE: £140,000-£150,000 LEASEHOLD * Leasehold One Bed Top Floor Flat * Currently Let Producing £7,500 Per Annum with Rental Uplift Potential to Approximately £9,000-£9,600 Per Annum * Ideal Buy-to-Let Investment / First Time Purchase * Sought After Central Location *
Flat 3 (Top Floor Flat), 90 Roundhill Crescent, Brighton, East Sussex, BN2 3FR LOCATION Situated just off Upper Lewes Road, the property is conveniently located close to the Vogue gyratory system and Sainsbury’s supermarket. Local shops and amenities are located closeby along with the University of Brighton. DESCRIPTION
This one bedroom top floor flat forms part of this inner terraced converted building. The property is in good decorative order throughout and benefits from stunning views over Brighton. Currently let on a periodic assured shorthold tenancy at £625 per calendar month however, it is considered that the property is currently underlet and has the potential to achieve a monthly rental income of approximately £750-£800 thus increasing the annual income to £9,000-£9,600. Auctioneers Note: 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 his 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.
ACCOMMODATION HALLWAY:
Stairs leading to Lounge
LOUNGE WITH INCORPORATED KITCHEN:
4.5m (max into recess) x 3.7m.
BEDROOM:
3.5m x 2.4m (into recess area). Large storage cupboard.
BATHROOM:
Comprising side panelled bath, pedestal wash basin and low level WC.
TENANCY:
Let on a periodic assured shorthold tenancy at £625 per calendar month.
TENURE:
Leasehold, subject to existing tenancy
OUTGOINGS LEASE:
99 years from 25th March 1985
GROUND RENT:
£100 per annum increasing by £50 every 25 years of term
SERVICE CHARGE:
25% contribution
GUIDE PRICE: £140,000-£150,000 LEASEHOLD SOLICITORS: Mayo Wynne Baxter Solicitors, 3 Bell Lane, Lewes, BN7 1JU Tel: 01273 477071 Contact: Nick Sanders
* Guide Prices & 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. VIEWING: BY APPOINTMENT THROUGH PARSONS SON & BASLEY, TEL: 01273 274014 THE PROPERTY MISDESCRIPTIONS ACT 1991 The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sale particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property. DATA PROTECTION ACT 1998 Please note that all personal information provided by customers wishing to receive information and/or services from the estate agent will be processed by the estate agent, for the purpose of providing services associated with the business of an estate agent and for the additional purposes set out in the privacy policy, copies available on request but specifically excluding mailings or promotions by a third party. If you do not wish your personal information to be used for any of these purposes, please notify your estate agent.
