First Floor Studio Flat Producing £9,600 Per Annum

Leasehold self contained first floor flat within a period conversion. Clyde Road comprises a studio room, kitchen and bathroom. * Please note - photographs are before the tenancy agreement commenced, the Auctioneers have not inspected the property internally* Situation The property is situated on the corner of Clyde Road and Lorne Road. Preston Park with its array of recreational facilities is less than half a mile away, while a range of shops, cafes and bars are available within walking distance at Preston Circus. London Road and Brighton railway stations are within both within half a mile, offering direct links to London and Gatwick. Location Pin (What3Words): lied.rate.fancy https://w3w.co/lied.rate.fancy Accommodation Studio Room - 4.00 x 3.48 Kitchen - 3.08 x 2.41 Bathroom Total Floor Area - 29 sq.m. <NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure Leasehold - From 25 March 1989 to 24 March 2178 (approximately 153 years remaining) Ground rent - Peppercorn Tenancies Let on an Assured Shorthold Agreement from the 5th June 2024 for 12 months at a rent of £800pcm (£9,600pa) Council Tax - Band A EPC Rating - E

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.