The property Description
A handsome residential investment occupying a prominent position at 42 Lansdowne Road, Hove, East Sussex, BN3. Currently producing income of approximately producing £64,800 per annum. This property is offered to the market through Richards & Co's national auction
with the benefit of a comprehensive legal pack and recent inspection.
Properties of this character are regularly contested at auction, and we would expect
strong interest from both private buyers and investors. Block viewings are scheduled
ahead of the sale — please contact the auctioneer's office to register your interest.
Open houses Block viewings
Sat 03 Oct 11:00 – 12:30
Wed 07 Oct 16:00 – 17:30
Sat 10 Oct 11:00 – 12:30
Auction terms On the day
- Buyer's premium
- £1,500 + VAT
- Deposit on fall of gavel
- 10%
- Completion
- 28 days
- Special conditions
- Per legal pack
The legal pack should be read in full before bidding. The auctioneer's office is happy
to answer any questions ahead of the sale — please call us on 020 7405 4455.
Before you bid Additional fees & important information
- Buyer's premium & disbursements
- Some lots may include additional charges on completion. Full details are contained within the legal pack and addendum and should be reviewed before bidding.
- Guide & reserve prices
- Guide prices reflect the seller's minimum expectation at the time of listing. They are not valuations and may change prior to auction. All lots are offered subject to a Reserve Price, being the minimum the seller has authorised a sale at.
- Administration fee
- A fee of £1,800 (including VAT) is payable on exchange, unless stated otherwise in the addendum.
- Available prices (post-auction)
- Where a property remains unsold, an Available Price may be advertised. This reflects the seller's expectations post-auction and is subject to contract.
- Reliance on guide prices
- Richards & Co. and the seller accept no responsibility for any loss arising from reliance on Guide Prices. It is the bidder's responsibility to determine the level at which they wish to bid.
- Fees, VAT & additional charges
- Guide Prices exclude the buyer's fee, VAT (if applicable), and any seller's costs. These are detailed within the Special Conditions of Sale.
- Accuracy & property condition
- Particulars, images and measurements are for guidance only and may change. No warranty is given as to condition or structure. Buyers should make their own enquiries and obtain professional advice before bidding.
- Withdrawn or pre-sold lots
- Neither Richards & Co. nor the seller will be liable for costs or losses relating to lots withdrawn or sold prior to auction.
