Lot 38

MIXED USE FREEHOLD INVESTMENT

36 Marina, St Leonards-on-Sea, East Sussex, TN38 0BU
36 Marina, St Leonards-on-Sea, East Sussex, TN38 0BU
NOVEMBER AUCTION

A rare opportunity to acquire this freehold terraced block situated on St Leonards seafront, offering unspoilt sea views from the first, second and third floors. Conveniently located the property offers easy access to St Leonards town centre, local shops, amenities and Warrior Square mainline railway station.

The mixed use property comprises ground floor commercial premises, currently used as an art gallery, together with three flats above. The first floor and third floor flats have been sold on long leases, while the second floor two-bedroom flat is being offered for sale with vacant possession.

In addition to this there is a good size attic space that may have potential for conversion along with a good size basement area with full ceiling height, private entrance, W.C. and natural light, that may also be suitable for residential conversion, subject to all necessary consents being obtainable.

Ground Floor

Commercial

Entrance into gallery area, open plan office/reception desk, inner hallway/store, W.C. kitchen and rear store

Tenancy

We have been informed that The Gallery will be offered with vacant possession. Further information is available from the auctioneers office 01622 608400.

Basement

Private rear entrance via stair case. Entrance hall with cupboard, room 1, room 2 with window to courtyard, room 3/4 open plan with vaulted store area and window to lightwell. Vaulted store room.

Outside

Courtyard with W.C and storage.

First Floor Flat

Tenure

Sold on a 99 year lease from 29th September 1984. Further details will be available in the legal documentation.

Second Floor Flat

Entrance hall, kitchen/breakfast room, two bedrooms (one with sea views), living room with sea views and shower room with W.C

Tenancy

Currently vacant

Third Floor Flat

Tenure

Sold on a 189 year lease from 29th September 1984. Further details will be available in the legal documentation.

Attic

Access hatch from third floor landing. Open plan attic space with Velux.

Auctioneer's Note

Section 5(B) Notices under the Landlord & Tenant Act 1979 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

Local Planning Authority

Hastings Borough Council. Tel: 01424 451090. Website: hastings.gov.uk

Freehold with Part Vacant Possession

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/