A rare opportunity to acquire a mixed commercial and residential investment property at the heart of Brighton’s trendy North Laines is coming up at auction this month.

The three-storey 102 Gloucester Road property is among 154 lots at the July auction held in Brighton by Britain’s largest independent regional land and property auctioneer, Clive Emson Auctioneers.

At the northern end of Kensington Gardens, the property has a freehold guide price of £625,000-£650,000. Director and Senior Auction Valuer Sam Kinloch said: “This versatile property of four self-contained units includes a lower ground floor barbers, ground floor coffee and clothes shop and a first floor flat. The property has been refurbished using reclaimed fittings to give a Bohemian feel. Offered with part vacant possession, the building holds strong letting potential or could be part owner occupied.”

A two-bedroom terraced house within the North Laines, in need of complete refurbishment, has a freehold guide price of £325,000-£350,000. Sam said: “34 Upper Gardner Street may suit an owner-occupier looking for a DIY project or for letting or sale after works are completed.”

Occupying the whole fourth floor of a 1930s-built block, a three-bedroom purpose-built flat at Flat 4, St James’s Mansions, 16 Old Steine, is guided £190,000-£200,000 for the remainder of a 123-year lease from 1993. It is currently let at £13,800 per annum..

Clive Emson holds eight rounds of auctions between Essex to Cornwall on consecutive days every six weeks. The company reported sales of more than £18.5 million and a success rate of 83% from 145 lots at June’s sale and enjoyed an excellent first half of the year with sales of £84 million at a success rate of more than 85%.

The fifth round of Clive Emson’s 2016 regional Sussex and Surrey auctions is at the Brighton Metropole on Wednesday 27 July 27 at 11am.

www.cliveemson.co.uk Tel: 0345 8500333.