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HMO for sale in Brighton

49a London Road, Brighton, East Sussex, BN1 4JD | Ref: CCM-20147063
For sale
£250,000 Guide Price
AUCTION PROPERTY
connect-uk-auctions
This property is marketed by:
Connect UK Auctions

Split level maisonette. Laid over first and second floors. Currently let as a fully licensed HMO. Generating £31,500 annual rent. 12.5% gross yield.

N.B. As per our instructions, should any party, directly approach or contact the vendor, the opportunity to bid, for that particular individual or company, will be rescinded.

ACCOMMODATION:

Private Entrance

Entrance hall, kitchen, communal area, four bedrooms, shower room, WC, private roof terrace.

LOCATION:

Brighton is a seaside resort and one of the two main areas of the city of Brighton and Hove in the county of East Sussex, England. It is located 47 miles (76 km) south of London.

VIEWING:

By appointment only - Thursday 11th July.

TENURE:

Leasehold

AUCTION DATE:

Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Wednesday 17th July 2024.

The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.

UNCONDITIONAL LOT:

N.B. As per our instructions, should any party, directly approach or contact the vendor, the opportunity to bid, for that particular individual or company, will be rescinded.

Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).