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Guide price
£110,000

Studio for sale

St. Georges Terrace, Brighton, East Sussex Baldock
Virtual tour
Auction
Cash buyers only
Sold STC
Studio
1 bath
269 sq ft / 25 sq m
EPC rating: E
Added > 14 days

Key information

TenureShare of freehold
Service charge£400 per annum
Council taxBand A
BroadbandSuper-fast 80Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Share of freehold (985 years remaining)
  • For sale by online auction
  • 6 weeks’ completion
  • Studio apartment
  • Split level
  • Separate Kitchen
  • Requires modernisation
  • Vacant leasehold
  • Good investment potential
  • Cash buyers only

Video tours

A vacant third floor split level studio apartment with separate kitchen, benefitting from long lease term, requiring modernisation. Located in the popular Kemptown area, close to sea front, the Lanes and London Road station. Sold with share of freehold, suitable for letting investment with an estimated rental value of £1,100 pcm, producing a gross yield of 12% per annum, based on the guide price. Cash buyers only.

Rooms

Auction
To be sold by online auction (unconditional) on Tuesday 17th December 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure
Share of Freehold

Lease
999 years from 8th February 2011 - 985 years remaining.

Ground rent and service charge
Please see legal pack for further details.

EPC rating
E

Council tax band
A - Brighton & Hove

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price

Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction”.

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About this agent

First for Auctions - National
First for Auctions - National
23 Market Place Wokingham RG40 1AP
01344 527052
Full profileProperty listings
Buy or sell property quickly with our monthly online property auctions. The experienced team has over 20 years experience helping people to sell their property or land at auction. Online property auctions offer one of the fastest, transparent, and effective ways to sell your property. First for Auctions has a dedicated website for customers who may benefit from buying or selling property at auction to browse and bid on property lots, as well as read our specific auctions advice. With all of our auctions taking place online, we are able to offer these services across the country. Our experienced team are committed to providing the highest level of customer service. If you need any help with buying or selling property at auction now or in the future, just ask.
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