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Floorplan
MapGuide price
£125,000House for sale
Dorset Street, Brighton
Auction
House
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Auction Date 10th December 2025
- Freehold interest including commercial unit and reversionary value in two residential leases
- Ground floor commercial unit currently holding over from 5-year lease (2017) – potential for new lease or vacant possession
- Two residential apartments held on leases with 87 years remaining
- Ground rent of £100 p.a. per apartment until 2037, with future escalation
- Leaseholders contribute a fair share of maintenance costs
FOR SALE BY AUCTION 10th DECEMBER 2025 (Potential To Purchase Pre-Auction)
An excellent opportunity to acquire the freehold of a well-positioned mixed-use, double fronted building, comprising a ground floor commercial unit and two residential apartments above. The ground floor commercial space is included in the freehold and currently occupied under a lease that is holding over from a five-year agreement dating back to 2017, offering flexibility for vacant possession or the negotiation of a new lease agreement with a revised premium.
The two upper floors house self-contained residential apartments which are privately owned and held on long leases, each with 87 years remaining. These leases present future added value potential, as upcoming lease extensions are likely to generate a premium for the freeholder. Both leases stipulate a ground rent of £100 per annum until 2037, after which the rent escalates in accordance with the terms set out in the lease. Leaseholders are also responsible for a fair proportion of annual maintenance costs, further supporting the investment appeal of the asset.
Located in a desirable area with strong rental demand and excellent transport links, this property presents multiple income streams and the potential for strategic value enhancement through lease negotiations, asset management, or re-letting the commercial space.
An excellent opportunity to acquire the freehold of a well-positioned mixed-use, double fronted building, comprising a ground floor commercial unit and two residential apartments above. The ground floor commercial space is included in the freehold and currently occupied under a lease that is holding over from a five-year agreement dating back to 2017, offering flexibility for vacant possession or the negotiation of a new lease agreement with a revised premium.
The two upper floors house self-contained residential apartments which are privately owned and held on long leases, each with 87 years remaining. These leases present future added value potential, as upcoming lease extensions are likely to generate a premium for the freeholder. Both leases stipulate a ground rent of £100 per annum until 2037, after which the rent escalates in accordance with the terms set out in the lease. Leaseholders are also responsible for a fair proportion of annual maintenance costs, further supporting the investment appeal of the asset.
Located in a desirable area with strong rental demand and excellent transport links, this property presents multiple income streams and the potential for strategic value enhancement through lease negotiations, asset management, or re-letting the commercial space.
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The landscape of selling property at auction has changed a lot in recent years. No longer is it seen as simply an option for properties in need of complete modernisation or repair. Today, almost any kind of property is suitable for sale at auction, regardless of value, age, size, condition or style. Here are just some of the other property types we help vendors sell at auction: Residential investments Commercial investments Mixed investments Freehold ground rents Garages Tenanted flats and houses Repossessions Flats with short leases Properties not suitable for a mortgage, such as flying freeholds Flats above commercial properties where mortgages are difficult to obtain Ready to find out how your property could perform at auction? Get in touch now for your free auction appraisal.