Lot 104

BLOCK OF FOUR FLATS FOR INVESTMENT

86 Kenilworth Road, St Leonards-on-Sea, East Sussex, TN38 0JD
86 Kenilworth Road, St Leonards-on-Sea, East Sussex, TN38 0JD
Sold £477,000

Currently let at £22,200 per annum plus one vacant flat

A fabulous opportunity to acquire this substantial semi-detached block arranged as four flats; three two- bedroom flats and one, one-bedroom flat.

Three of the flats are let to provide a good income while the remaining lower ground floor flat is offered with vacant possession. Ideal for immediate investment, the flats may also be suitable for individual resale.

Situated in a residential area of St Leonards the property is conveniently located with easy access to local shops, amenities and Warrior Square mainline railway station. The seafront and promenade are also within easy reach.

Lower Ground Floor Flat

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

Tenancy

Currently vacant.

Ground Floor Flat

Living room, kitchen, bedroom with en-suite bathroom and W.C.

Outside

Rear Garden.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £625 per calendar month.

First Floor Flat

Open plan kitchen and living room, bedroom, bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £575 per calendar month.

Second Floor Flat

Open plan living room and kitchen, bedroom, bedroom with en-suite shower room and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £650 per calendar month

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/