Lot 30

FREEHOLD MIXED USE TOWN CENTRE INVESTMENT

27 St Leonards Road, Bexhill-on-Sea, East Sussex, TN40 1HP
27 St Leonards Road, Bexhill-on-Sea, East Sussex, TN40 1HP
Withdrawn After

Currently let at £28,600 per annum

A fully let substantial three storey block in a prominent corner position at the junction of St Leonards Road and Eversley Road. Converted to provide two, two-bedroom flats on the upper floors, accessed from Eversley Road, and a commercial retail unit on the ground and lower ground floors. The block is well presented and ideal for immediate investment.

Situated at the heart of Bexhill town centre a short distance from the mainline railway station and seafront.

Commercial Unit

Lower Ground Floor

Store room extending to 67 sq.m. (719 sq.ft.).

Ground Floor

Main Entrance, sales area extending to 64 sq.m. (689 sq.ft.), storage area extending to 335 sq.ft, W.C and kitchen area.

Tenancy

Let under the terms of a 15 year lease from 6th December 2012 at a current rental of £11,500 per annum.

EPC Rating D(91)

First Floor Flat

Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy and a current rental of £675 per calendar month.

Second Floor Flat

Entrance hall, living room, kitchen, two bedrooms, bathroom and separate W.C.

Tenancy

Let on an Assured Shorthold Tenancy and a current rental of £750 per calendar month.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/