Court Royal Mansions, Brighton, BN2

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £200,000
One Bedroom Apartment in need of modernisation in an excellent position by the seafront in Brighton.

A spacious and light ground floor apartment in a Grade II listed building just off Brighton’s Seafront, with high ceilings and a store room in the basement, this property has lots of potential.

This apartment is spacious being 52 sq meters with large rooms, a full bathroom with large bath, and a boiler that sadly doesn’t work. The lounge has large Crittall casement windows overlooking a rear patio. The kitchen is set off the room in an alcove. In the bedroom are the original arched ceilings, the hallway between lounge and bedroom has floor to ceiling cupboards for additional storage and a door which leads to a rear patio (not demised to the apartment). There is an additional sizable storeroom in the basement, which would be ideal for bike storage and sports equipment.

The apartment is in need of considerable updating as it has been empty for many years. Once done the apartment would make a lovely second home being so close to the seafront and close to Kemp Town Village, or it would suit a downsizer or first-time buying couple.

The building is very well considered being the corner of Eastern Terrace and Paston Place, once the home of notable statesmen, later it became a hotel in the early 1900s and finally converted into exceptional high end apartments in the 1950’s. This apartment was originally the caretaker’s residence.

The area of Kemp Town is very popular with the buzz of the sea front and its redevelopment of shops and an open air swimming pool on the beach. The high street at the top of Paston Place is packed with independent shops including a bookshop, and an impressive selection of different traders, it has the feel of Notting Hill about it with cafes and artisan bakeries. This area is also benefiting from a multi million pound regeneration of the seafront infrastructure including a new outdoor swimming pool. The apartment is well located for buses that run along the seafront, or it is a pleasant 0.8 mile walk to the city centre.

Share of Freehold
983 Years remaining
Service charge £2628.24 which is 3.98% of overall costs.
Building has Reserve Funds of £44,000

AUCTIONEERS ADDITIONAL COMMENTS
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as ‘The Auctioneer’.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.