84 St. James’s Street, Brighton, East Sussex, BN2 1TP
1,323 Sq Ft
£340,000
Property Features
- Centrally Located
- Prime Thoroughfare
- Income Producing with Self Contained 3 Bed Maisonette
- Popular Kemptown Location
Property Summary
*STARTING BIDS FROM £340,000*
This mid-terraced, five storey property is made up by a ground floor shop, which is let at a current rent of £1250 per calendar month, exclusive. The upper floors are a self-contained three bedroom maisonette, currently vacant, but could achieve an ERV of £1,750 per calendar month (a selective license will need to be applied for through Brighton & Hove City Council before the flat can be let). Therefore, the property has the potential to achieve an overall income of £36,000 per annum, exclusive.
Additionally, the property benefits from a self-contained basement which has the potential to be converted (STP).
Auction Notes
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
This mid-terraced, five storey property is made up by a ground floor shop, which is let at a current rent of £1250 per calendar month, exclusive. The upper floors are a self-contained three bedroom maisonette, currently vacant, but could achieve an ERV of £1,750 per calendar month (a selective license will need to be applied for through Brighton & Hove City Council before the flat can be let). Therefore, the property has the potential to achieve an overall income of £36,000 per annum, exclusive.
Additionally, the property benefits from a self-contained basement which has the potential to be converted (STP).
Auction Notes
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.