Lot 38: MIXED USE FREEHOLD INVESTMENT

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

Residential EPC: C
Commercial EPC: TBC

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