Lot 71

FREEHOLD COMMERCIAL INVESTMENT

7-9 Brassey Avenue, Eastbourne, East Sussex, BN22 9NH
7-9 Brassey Avenue, Eastbourne, East Sussex, BN22 9NH
Sold After

7

Currently let at £13,200 per annum

A well presented mixed residential and commercial investment comprising ground floor retail unit currently producing £13,200 per annum and a first floor flat sold on a long lease at a peppercorn rent.

Situated at the eastern edge of this parade of shops, this spacious property occupies a prominent position on the corner of Brassey Avenue and Edgeland Terrace. Refurbished in 2014 and then let to Aspens, a Kent-based charity, for a term of 10 years from August 2014, the 1,000 sq.ft. ground floor is arranged as front retail space with sorting and distribution centre to the rear. We have been informed by the landlord that the tenant has a 100% payment history.

Brassey Avenue offers a variety of other local shops and amenities within Hampden Park along with Hampden Park mainline railway station which is about 100 yards away.

Ground Floor

Entrance into open plan retail area. Kitchen, staff cloakroom and open-plan storage/sorting area with double loading doors.

Energy Performance Certificate

The EPC shows an energy rating of E.

Tenancy

Let on an FRI lease for the term of 10 years from 26th August 2014 at a current rental of £13,200 per annum.

First Floor Flat

Tenure

Sold on a 125 years lease from 25th December 2005 at a peppercorn rent.

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/