Lot 4

MIXED USE SEAFRONT BLOCK FOR INVESTMENT

67 Eversfield Place, St Leonards-on-Sea, East Sussex, TN37 6DB
67 Eversfield Place, St Leonards-on-Sea, East Sussex, TN37 6DB
MAY AUCTION

Currently let at £18,084.92 per annum plus vacant flat

A wonderful opportunity to acquire this seafront corner property arranged as ground floor café premises with four flats above.

Three of the flats are included within the sale, two of which are tenanted and one offered with vacant possession, the remaining flat has been sold on a long lease. While Flat 2 is currently let at £4,861.92 per annum and Flat 1 is let at £5,148 per annum it is considered that both flats may offer potential for a rental increase at the end of their terms.

Situated close to 'The White Rock' theatre and Hastings pier the property offers unspoilt sea views from the front of the building and is within close proximity to Hastings town centre, local shops, amenities and Hastings mainline Railway station offering regular services across the coast and to London.

Ground Floor

Commercial Premises

Entrance to open plan seating area with serving counter, seating area, meeting room, store room, kitchen, utility area and two W.C.s.

Tenancy

Let on a three year Licence from 1st February 2020 (due to expire on 31st January 2023) at a current rental of £8,000 per annum.

First Floor

Flat 4

Entrance hall, utility cupboard and airing cupboard, open plan living room/fitted kitchen and two bedrooms and bathroom with W.C.

Tenancy

Vacant.

Second Floor

Flat 3

Sold on a 99 year lease from the 11th September 1998 at a current ground rental of £75 per annum.

Third Floor

Flat 2

Entrance, living room with recessed kitchen, bathroom with W.C and bedroom.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £405.16 per calendar month.

Fourth Floor

Flat 1

Entrance, living room with recessed kitchen, bathroom with W.C, bedroom and box room/walk in wardrobe

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £429 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/