Lot 21

MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT

342 Seaside, Eastbourne, East Sussex, BN22 7RJ
342 Seaside, Eastbourne, East Sussex, BN22 7RJ
Sold £300,000

Currently let at £24,140 per annum

A fantastic opportunity to acquire a three storey mixed residential and commercial investment situated on the main thoroughfare in and out of Eastbourne town centre, providing easy access to a variety of local shops (including Tesco Express and Co-Op convenience store), amenities and the sea front.

Commercial Unit

Ground Floor

Main retail space, large rear office area, W.C., two store rooms and parking to the rear. Communal entrance to the two flats.

Tenancy

Let on a Commercial Lease at a current rental of £11,000 per annum.

First Floor

Flat 1

Entrance hall, kitchen, living room, bedroom, bathroom and separate W.C.

Outside

Own entrance to the rear of the property.

Tenancy

Holding over on an Assured Shorthold Tenancy Agreement at £495 per calendar month.

Second Floor

Flat 2

Entrance hall, kitchen, living room, bedroom, bathroom and separate W.C.

Tenancy

Holding over on an Assured Shorthold Tenancy Agreement at £600 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/