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.
Entrance to open plan seating area with serving counter, seating area, meeting room, store room, kitchen, utility area and two W.C.s.
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.
Entrance hall, utility cupboard and airing cupboard, open plan living room/fitted kitchen and two bedrooms and bathroom with W.C.
Sold on a 99 year lease from the 11th September 1989 at a current ground rental of £75 per annum.
Entrance, living room with recessed kitchen, bathroom with W.C and bedroom.
Let on an Assured Shorthold Tenancy Agreement at a current rental of £405.16 per calendar month.
Entrance, living room with recessed kitchen, bathroom with W.C, bedroom and box room/walk in wardrobe
Let on an Assured Shorthold Tenancy Agreement at a current rental of £429 per calendar month.
The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.