Leasehold Studio Flat - Producing £9,000 Per Annum

A third floor self contained flat within a period conversion, situated to the front of the building and comprising, an open plan studio room and shower room. Situation Church Road is situated in central Hove within 'Old Hove Conservation Area', just minutes from Hove seafront and promenade. On your doorstep is a range of local shops and restaurants. Hove mainline railway station is within walking distance of Church Road. Location Pin (What3Words): golf.lace.vows https://w3w.co/golf.lace.vows Accommodation Studio Room - 4.7 x 3.5 Shower Room - 1.6 x 1.1 Hallway 0.7 x 0.7 Total Floor Area - 24 sq.m. (from EPC) NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure Leasehold - 125 year lease, from 25th March 2007 (approximately 106 years remaining). Ground rent - £100/£200/£400/£800 doubling every 25 years Tenancies Let on an Assured Shorthold Agreement, from 14th December 2022 for 6 months, expired 13th June 2023 - tenant is holding over. Current rent of £750pa (£9,000pa). Council Tax - Band A EPC Rating - D

Lot Type

Residential

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.