Block of flats for sale in Highlands Road, Brighton BN41
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Property description
A ground rent investment property. Comprising 49 self-contained apartments, being sold subject to long leases of varying lengths.
Offers are invited in the region of £350,000 for the freehold interest of the property. Under the terms of the lease, the freeholder has the right to appoint managing agents and to insure the building. Should a sale be agreed Section 5a Notices will subsequently be served on the qualifying tenants.
The leases include car parking provisions for the leaseholders and there is a covered car park in the grounds of the building. Each party is to be responsible for their own legal costs.
It is considered that there may be potential of further development, subject to planning, either within the grounds of the building or within the air space on the roof of the building.
Any enquiries relating to redevelopment potential should be explored by the buyer and referred to the Local Planning Authority.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Graves Son & Pilcher, BN1 on +44 1273 083996 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Graves Son & Pilcher, and do not constitute property particulars. Please contact Graves Son & Pilcher for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.