Lot 12 - FREEHOLD COMMERCIAL INVESTMENT

Sold £82,000

Currently let at £6,025 per annum

Situated at the heart of Bexhill town centre is this freehold investment opportunity comprising a ground floor retail unit, let at £6,000 per annum, and a three bedroom first and second floor maisonette sold on a long lease for a term of 99 years from 1985.

St Leonards Road is one of the main thoroughfares within the town and is surrounded by a multitude of high street shops and amenities. Bexhill mainline railway station is also within easy reach, as is the seafront and De La Warr Pavilion. The property is considered ideal for immediate investment.

Retail Unit

Ground Floor

Retail area, rear store room/retail space, kitchen area, staff toilet

Tenancy

Let on a commercial lease, until 12th May 2022, at a current rental of £6,000 per annum.

First and Second Floor Flat

Tenure

Sold on a 99 year lease, from 25th March 1985, at a current ground rental of £25 per annum.

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/