Brighton: 01273 326171
Bognor Regis: 01243 868600

LOT 2

12 Clarence Square, Brighton, BN1 2ED

12 Clarence Square, Brighton, BN1 2ED

Property Details
Tenure

Freehold Ground Rent Investment

Description
Freehold ground rent income of £90 per annum, rising to £180 per annum from 25/12/2019

Basement Flat
202 years from 25/12/1986
Ground rent £30 p/a rising to £60 p/a from 25/12/2019

Ground Floor Flat
202 years from 25/12/1986
Ground rent £30 p/a rising to £60 p/a from 25/12/2019

First Floor Flat
99 Years from 25/12/1986 (ONLY 66 YEARS REMAINING)
Ground rent £30 p/a rising to £60 p/a

Second Floor Flat
99 years from 18/11/2011
Ground rent Peppercorn

Location
Situated in the heart of Brighton, close to many local amenities including shops, restaurants, the seafront and 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 (one with 66 years unexpired)
  • Total Ground Rent Income £180 p/a as from 25/12/2019

Sold after auction for an undisclosed amount


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