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LOT 11

56 Stirling Place, Hove, East Sussex, BN3 3YU

56 Stirling Place, Hove, East Sussex, BN3 3YU

Property Details

Freehold Ground Rent Investment

Freehold ground rent income of £800 per annum from 4 flats, each of which have been sold off on long leases.

Flat 1
99 years from 24/12/2018
Ground Rent £250 p/a

Flat 2
99 years from 29/09/2017
Ground Rent £150 p/a

Flat 3
99 years from 24/03/2016
Ground rent £150 p/a

Flat 4
99 years from 29/09/2017
Ground rent £250 p/a

Situated just off Blatchington Road in Hove, close to many local amenities including shops, restaurants, the seafront and Hove mainline railway station.

Auctioneers' Note
Buyers please note, that as per the terms of the Section 5B Notices, we are able to confirm the leaseholders have NOT reserved their rights to purchase.

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.

  • Freehold Ground Rent Investment
  • 4 Flats Each Subject to Long Leases
  • Total Ground Rent Income £800 P/A

Sold after auction for an undisclosed amount

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