Ground Floor 1-Bedroom Flat - Producing £9,300 Per Annum

Leasehold self-contained ground floor flat within a period conversion. Vere Road comprises of an open plan living room/kitchen, bedroom and bathroom. Situation The property is situated on Vere Road, within walking distance at Preston Circus. London Road and Brighton railway stations are within both less than a mile from the property, offering direct links to London and Gatwick. Location Pin (What3Words): drama.looks.label https://w3w.co/drama.looks.label Accommodation Open Plan Living room/kitchen Area - 3.81 x 4.07 Bedroom - 3.4 x 1.9 Bathroom - 2 x 1.3 Hallway - 1.1 x 1.1 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 - 1 February 2023 to 24 March 2175 (approximately 149 years remaining) Ground rent - Peppercorn Tenancies Let on an Assured Shorthold Agreement from 26th October 2009 for 12 months (tenant currently holding over) at a current rent of £775pcm (£9,300pa) 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.