Auction Lot Sold For £121,000 Over Guide Price 

January 2021

Star Property are pleased to have just sold today at auction a freehold building in Brighton for £121,000 over the top end of the guide price, with over 130 bids made for the property at the online auction.

The property has a lot of potential to offer, currently arranged as a block of garages and parking, with the flats above sold off on long leases. The building previously benefited from planning consent for two flats to be built within some of the garages, leaving three garages to either sell off or rent out. 

These types of investments are in high demand, suiting both owner occupiers looking for parking/ storage and developers looking at other conversion/ investment angles. 

Such demand is clear to see, with over 130 bids made for the property during the half hour auction, off of an initial guide price of £100-125,000 the eventual sale price finishing off at £246,000 a superb result for the vendor and another success story from our online auction platform.

With a number of bidders missing out on this property, we have ready and waiting cash buyers looking for any blocks of garages/ former car workshops or similar in the Sussex area. 

If you would like to discuss selling your property and would like to know if the auction process could work for you, please get in touch. 

Richard Lowrey 

Tel: 01273-037194 / 07725-723021