Lot 91

BLOCK OF 18 GARAGES AND PLANNING FOR AN ADDITIONAL 14 ON SITE

Garages, St Helens Court, Hastings, East Sussex, TN34 2DW
Sold £100,000

Currently let at £2,935 per annum - Plus planning for 14 additional garages

Estimated rental £5,095 per annum

The site is located in a predominantly residential area in Hastings. Currently there are 18 garages, 11 of which have been sold on long leases at a current ground rental of £5 per annum, per garage. Of the remaining seven garages, four are let at £720 per annum each and three are currently vacant. Planning Permission has also been granted for the construction of a further 14 garages on the opposite side of the site which, once completed, maybe suitable for re-sale or letting to provide a good income.

Garages

Eighteen garages of brick construction with up-and-over doors.

Tenancy

Four of the garages are currently let at £720 per annum, each. Three are currently vacant.

Tenure

Eleven of the garages have been sold on long leases at a current ground rental of £5 per annum each. Further details will be available within the legal documentation.

Planning

Planning Permission has been granted by Hastings Borough Council, under ref: HS/83/88/01295, dated 20th October 1989, for the construction of fourteen garages, subject to conditions (determination under Section 53). It is believed that this planning consent is still valid. Further details will be available to download from the Clive Emson website.

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/