First floor studio flat within an over 55's age group independent living block with 109 years remaining of a 125 year lease.
The auctioneer is of the opinion that the flat could achieve a rental figure in the region of £700 per calendar month.
Studio Room 4.65m x 3.61m
Kitchen 2.11m x 1.70m
Bathroom 2.11m x 1.63m
EPC Rating C
Ground Rent £100.00 per annum
Service Charge £1,337.40 (for the year to 31 March 2020)
Reserve Fund Contribution £265.38 (for the year to 31 March 2020)
Harewood Court is situated at the South end of Wilbury Road, close to the shops and restaurants of Church Road, and easily accessible to many bus services. Hove promenade and seafront is approximately a quarter of a mile away & Hove mainline railway station is within a mile of the building.
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.
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.