By Simon Caplin

Following on from the excitement and more importantly the huge success of February’s ‘beat the stamp duty auction’ things have settled down somewhat although I am pleased to say that strong demand is still very prevalent, so much so that we are delighted to once again be able to offer properties across East and West Sussex.

I described February’s auction as a ‘beat the stamp duty’ sale whereupon this auction I am thrilled to describe as a ‘quality over quantity sale’ and by this I mean it was always going to be mayhem squeezing many late entries into February’s auction as any announcement from the government that brings in new legislation will always cause a stampede of everyone trying to beat the deadline and quite rightly so as there was a significant amount of money to be saved however thereafter, a period of calm and settling down always follows and as a result, we have far less one bedroom investment flats in this auction but more traditional investments, something we of course anticipated being the case.

So what have we got for you his time round, well we have 2 unbroken and substantial mixed residential/commercial Freehold investment buildings for sale, one in Blatchington Road in Hove that simply put is a terrific opportunity that not only offers a very attractive yield, but also offers immediate uplift potential together with significant breakup value. Over in St Leonards-on-Sea, we are offering a landmark building in London Road comprising of 6 flats with a pub/restaurant on the ground floor fully let and also offers significant breakup value. In Rottingdean High Street, a 2 bedroom 4th floor purpose built flat with direct sea views representing an exceptional investment as it is currently let to an Assured Tenant however is being offered with a discount of almost 50% of its vacant possession value and is able to produce a rental income of just over £10,000 per annum.

Over in Eastbourne we have a good size single garage to the rear of Willingdon Road with easy access, whilst just a short distance from the town centre we have a 1 bed flat with sea views offering an excellent investment opportunity. Back in Brighton, we have a ground floor flat in need of some updating and let to an Assured Shorthold Tenant that offers both investment and resale potential. In Littlehampton we have the Freehold of a terraced property comprising of 2 self-contained one bedroom flats, one vacant, one let whilst just further West in Bognor Regis, close to the town centre is a delightful vacant 2 bedroom cottage with courtyard garden. Last but by no means least is Brooks Lane Bognor Regis that comprises of a 14.5 acre site of open land that has huge potential for a large housing development, subject to any necessary consents.

Once again, we have something in our auction for everyone so please don’t forget to register your interest in plenty of time for those lots you would like to buy and of course please do not hesitate to ask us any questions you might have. For full details on our auction please visit www.psandb.co.uk/auction-for-sale or call us 01273 274014.

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