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LOT 31

North Street, Portslade, East Sussex, BN41 1DH

North Street, Portslade, East Sussex, BN41 1DH

Property Details
Tenure

FREEHOLD

Description
This substantial corner site (which we understand used to comprise of 4 houses many years ago) is currently let on a FRI lease that expires on the 8th November 2019 at a current rent of £35,000 p.a. Noting the significant redevelopment potential (SPP) the seller has not served the relevant Notices under the 1954 Landlord & Tenant Act offering the tenant a new lease.

Accommodation
5,762.14 sq. ft. (535.32 sq. m.)
To the rear of the property is a yard with separate street access as well as internal access.
The property is currently used as a workshop and premises

Location
Situated between Boundary Road and Trafalgar Road close to the seafront, local shop and restaurants and Portslade Mainline Railway Station. Trains and busses provide direct access to Brighton & Hove.

EPC
Rating D

Additional Information
*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.


  • Outstanding Re-development Potential
  • Substantial Corner Site
  • Suitable For Many Future Uses (SPP)

Sold for £525,000


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