This property is a leasehold second-floor self-contained flat located on Albert Road in Brighton, opposite Alexandra Villas. The flat has a studio room with a mezzanine, kitchen, and bathroom/WC, and is currently let on a 2-year tenancy agreement for £900 per month. The property has a 99-year lease with approximately 56 years remaining, and a ground rent of £25 per annum, rising to £100 per annum. The guide price for the property is not to be relied upon as a valuation or assessment of value, but rather as an indication of the region at which the reserve may be set. The property is being sold through an auction and the buyer will be required to pay a contract documentation fee of £1,500, in addition to any additional fees payable upon completion.