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Freehold Interest to 34, Mighell Street, BRIGHTON, East Sussex, BN2 0JF

27th July 2021
starts 09:30 AM at Grand Connaught Rooms
sold for
£13,500

Tenure: Freehold

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The negotiator dealing with this Lot is Russell Hartnell-Parker and he can be contacted on 02380 338 066 or by email: russell.hartnell-parker@fox-and-sons.co.uk
THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT (AS BELOW) THIS HAS ALSO BEEN ADDED TO THE LEGAL PACK.

IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.

Announcement
Please see the “Auction Contract of Sale” in the Legal Docs.
There are revised special conditions of sale for this lot, copies of which are available from the
Auctioneers website and a copy will be attached to the Auction Contract of Sale. (under the above)


Freehold investment opportunity
2 x 99 year leases & £200 pa ground rents

Tenure
Freehold

Lease Details
First Floor Flat - Sold on a long leasehold interest for 99 years from 25th March 1991. Ground Rent £50 pa.
Ground Floor Flat: Sold on a long leasehold interest for 99 years from 12th April 2013. Ground Rent £150 pa.

Total Ground Rent Collected £200 pa.

Location
34 Mighell Street is located in the heart of central Brighton, with a mixture of residential and commercial buildings surrounding. Local amenities can be found nearby along with access to all areas of central Brighton, the seafront and good public transport.

Description
An investment opportunity to acquire the freehold interest to 2 long leasehold flats, offering an annual ground rent collection of £200 pa. Both flats have been sold on 99 year leases, with the first floor flat now having just 69 years remaining.

Agents Note
At the time of going to press, lessees have not reserved their rights under the terms of the issued Section 5B Notices.

No viewings available. Enquiries to:
Fox & Sons Auctioneers
32-34 London Road, Southampton, Hampshire, SO15 2AG
E auctions.southampton@fox-and-sons.co.uk
T 023 8033 8066





Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 2nd August 2021 at 03:56 PM
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