Studio for sale

Apartment 13b Gwydyr Mansions, Holland Road, Brighton BN3 1JW

For sale by Palace Auctions,

Guide Price £150,000 plus

Property Description

We are delighted to present this exceptional investment opportunity in the heart of Hove, Brighton. Apartment 13b Gwydyr Mansions is a charming property situated in a historic and highly sought-after building, offering an attractive prospect for investors seeking strong rental yields and potential capital appreciation.

Tenure: Leasehold - 952 years unexpired.

Income: Currently tenanted, achieving an income of £1,000 PCM - £12,000 per annum

Ground Rent: £10 per annum

Service Charge: 2024/2025 approximately £1,000 to £1,200 per annum.

Accommodation:

Communal Entrance Hall - communal front with voice entry telephone system leading in. Private front door to:

Entrance Hall - Built-in cupboard housing the hot water cylinder. Voice entry telephone receiver. Fitted cupboard. Doors to Studio Room & Bathroom

Studio Room - 19'1 X 12'8" (5.82m X 3.86m)

Maximum measurement. Bay with Sash windows with fitted blinds to rear aspect overlooking patio area. Glazed door with fitted blind to shared patio area. Leather sofa bed. Dining table and four chairs. Two built-in alcove cupboards above. telephone point. Archway leading to:

Kitchen - 11'1" X 5'10" (3.38m X 1.78m)

Modern refitted kitchen comprising: single drainer sink unit set into roll edge working surfaces with base units under incorporating cupboard and drawers. Inset four-ring electric hob with electric oven under and brushed steel filter canopy above. Integrated washing machine and fridge, and freezer. Tiled splashback. Matching eye-level units. Window to rear aspect with fitted blind. Tiled floor with underfloor heating. Wall-mounted thermostat control. inset ceiling spotlights.

Bathroom - 7'7" X 4'11" (2.31m X 1.5m)

Fitted white suite comprising: panel-enclosed bath with Triton shower over. Pedestal wash basin. Low-level push-button dual flush WC. Extraction fan. Tiled walls.

Shared Patio Area - West-facing aspect.

Small area with enough room for a table and chairs. Steps rising to street level.

Please note that, in order to streamline the sales process, there will be no viewings of the property. We encourage potential buyers to carefully review the detailed photographs, floor plans, and property descriptions provided in this listing. This approach allows us to focus on facilitating a seamless auction experience, and we appreciate your understanding in this matter. If you have any questions or require additional information, please do not hesitate to reach out to our team.

Buyers Premium

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At Palace Auctions, our buyers' premium on Property (Real Estate sales) is normally £5000 plus VAT. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.