First Floor 2 x Bedroom Flat Producing £13,200 PA

First floor flat within a period conversion. The property comprises, living room, kitchen, 2 x bedrooms and a bathroom. Hollingdean Terrace also benefits from a Share of Freehold. Situation The property is located in a residential area, a short walk from popular Fiveways with its array of amenities, shops, schools and parks. Brighton city centre & beaches are approximately 3 miles from the property. Brighton mainline station & Preston Park station are within a couple of miles of the property, offering direct routes to London. Location Pin (What3Words): https://w3w.co/tolls.skinny.much Accommodation Lounge - 3.08 x 3.65 Bedroom 1 - 2.75 x 3.17 Hallway - 7.58 x 0.9 Bathroom - Kitchen - 2.90 x 3.31 Bedroom 2 - 2.23 x 3.31 Total Floor Area - 55.4 sq.m. 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 HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY Tenure Share of Freehold - 99 year lease, from 29th September 1987 (approximately 60 years remaining). Ground rent - £50/£100/£200 doubling every 33 years. Tenancies Let on an Assured Shorthold Agreement, from 3rd November 2023 for 6 months - tenant is holding over. Current rent £1,100 pcm. Council Tax - Band B EPC Rating - D

Lot Type

Residential - Let on Assured Shorthold Tenancy

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT)

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