Lot 79: MIXED USE SEAFRONT BLOCK FOR INVESTMENT

Available At £380,000 + Fees
67 Eversfield Place, St Leonards-on-Sea, East Sussex. TN37 6DB

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

Viewing by arrangement with Clive Emson Auctioneers

01273 504232

Sam Kinloch/Chris Milne

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 1989 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.

Residential EPC: D
Commercial EPC: C

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