Lot 95

RESIDENTIAL INVESTMENT

51 Church Road, St Leonards-on-Sea, East Sussex, TN37 6HG
51 Church Road, St Leonards-on-Sea, East Sussex, TN37 6HG
JUNE AUCTION

Currently let at £11,400 per annum

Estimated rental £23,400 per annum

A fantastic opportunity to acquire this attractive mid-terrace property arranged as five self-contained flats over five storeys, two of which have been sold on long leases. The property is well positioned within close proximity of the seafront, various local shops and amenities and the Warrior Square mainline railway station.

Lower Ground Floor

Basement Flat

Sold on a 125 year lease from 24th June 1988 at a current ground rental of £100 per annum.

Ground Floor

Flat 1

Entrance hall, bedroom, kitchen, bathroom with W.C., reception room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £475 per calendar month.

Auctioneer’s Note

At the time of publication the Auctioneers have been unable to internally inspect this flat. These details have been supplied by the Seller and interested parties should rely on their own investigations to verify the information provided.

First Floor

Flat 2

Entrance hall, bedroom, kitchen, bathroom with W.C., reception room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £475 per calendar month.

Second Floor

Communal store room.

Flat 3

Entrance hall, reception room, bathroom with W.C., bedroom and kitchen.

Tenancy

This flat is currently vacant.

Third Floor

Top Floor Flat

Sold on a 125 year lease from 29th March 2006 at a current ground rental of £100 per annum.

Freehold with Part Vacant Possession

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/