Lot 3

BLOCK COMPRISING THREE FLATS AND RESTAURANT WITH PLANNING FOR FURTHER TWO FLATS

122-124 Seaside Road, Eastbourne, East Sussex, BN21 3PF
122-124 Seaside Road, Eastbourne, East Sussex, BN21 3PF
Sold After

Currently let at £20,700 per annum

Previously full let at £30,900 per annum

A freehold four storey mid-terrace property located within easy reach of the seafront and town centre with its array of shops, bars, restaurants and mainline railway station.

The building is arranged as a former restaurant on the ground floor with basement below and three self-contained flats occupying the first and second floors, each let at a current rental of £20,700 per annum.

Planning

Planning Permission has been granted by Eastbourne Borough Council, under reference: 200771, dated 20th October 2020 for change of use from Class E (commercial business and service) to C3 (dwelling house) to form one studio flat and one two bedroom flat at ground floor level to include single storey rear extension and changes to shop front. Proposed removal of rear bay window at first floor level and installation of a Juliet balcony and use of a flat roof as terrace for the first floor level, subject to conditions.

A copy of the Planning Consent and proposed plans will be available to download from the Clive Emson website or the Local Planning Authority website.

Local Planning Authority

Eastbourne Borough Council. Website:eastbourne.gov.uk. Tel: 01323 415210

Proposed Accommodation

Ground Floor

Unit 1

Own entrance at ground floor level. Hallway, open plan kitchen/bedroom/living room, bathroom with W.C.

Unit 2

Open plan kitchen/living room/dining room, two bedrooms, bathroom with W.C. and access to existing garden at rear.

Current Accommodation

Ground Floor

Vacant Restaurant (previously let at£10,200 per annum)

Main bar area leading on to galley kitchen and further seating room, two W.C.s

Lower Ground Floor

Basement.

First Floor

Flat 1

Hallway, bathroom with W.C., living room, bedroom and kitchen.

Tenancy

Let on an Assured Shorthold Tenancy at a current rent of £500 per calendar month.

Flat 2

Hallway, bedroom, bathroom with W.C., open plan kitchen/living room and further bedroom.

Tenancy

Let on an Assured Shorthold Tenancy at a current rent of £700 per calendar month.

Second Floor

Flat 3

Entrance on first floor with stairs to second floor. Landing, kitchen, bathroom with W.C, living room and bedroom.

Tenancy

Let on an Assured Shorthold Tenancy at a current rent of £525 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/