1^st Floor Studio Apartment, Flat 1, 106 – 108 Lansdowne Place, Hove, BN3 1FJ

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free ground floor studio apartment on the sought after Lansdown Place in the heart of Hove.

The accommodation briefly comprises: Open plan studio incorporating kitchen, lounge and sleeping quarters there is also a combined bathroom/W.C.

Permit parking is available to the front of the building on Lansdowne Place.

The property requires enhancement throughout and provides an exciting opportunity for those looking for a modernisation project. Please note that the Studio ceiling is damaged and needs repairing. The source of the problem is believed to have been the upstairs apartment bathroom which has since been fully replaced and the problem no longer exists. The price reflects all the works needed for this studio including the ceiling damage.

To view this property please visit the Hammer Price homes website and register your details.

Location

The property is ideally located in the heart of Hove, just off Western Road with easy access to an array of local amenities including shops, pubs & restaurants. Brighton City Centre is within walking distance as are Hove & Brighton Railway Stations with direct services into London Victoria.

Auction Details

** Open to mortgage buyers also. 90 Days to complete and no deposit payable**

Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £2,400 Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.

To view the property you must register and book on one of the open days as detailed on the website. (Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Lists close 24 hours before the open day starts so book in plenty of time.)

Auction ends – Thursday 13^th February 2020 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Tuesday 11^th February 2020 (Please note bidding won’t be possible until this time)

Starting price – £99,000 (Reserve price is higher & unpublished)

Other Information

Tenure – Leasehold with 88 years 11 Months remaining.

Ground Rent – Please refer to Land registry (Lease) document but annual rent schedule is as follows:

Dec 1993 to Dec 2018 –   £60 per annum

Dec 2018 to Dec 2043 –   £120 per annum

Dec 2043 to Dec 2068 –   £240 per annum

Dec 2068 to Dec 2093 –   £480 per annum

Dec 2093 for remainder of lease £960 per annum

Maintenance charges – These are approximately £400 per year paid in 2 instalments

There has also been a Section 20 notice issued for planned works to be done during 2020. We have attached a copy of the works schedule. For this property the share is £806.75 and has already been paid by the current owner in January 2020 and will not fall on the new buyer. Please see the attached “schedule of works” document available for download on the Hammer Price Homes website.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed and the buyer honoured to pay it. Should the buyer withdraw then they may have to forfeit the reservation fee.

Please read the buyer terms and FAQ’s on the site for more details.

 This is a probate property and is sold as seen. The solicitor to the estate has never lived there and may not be able to answer the usual pre-contract questions.