Lot 90 - MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT

Sold £296,000

Currently let at £24,036 per annum

A fantastic opportunity to acquire this mixed-use property arranged over three storeys situated within close proximity of Bexhill town centre with its array of various shops, the seafront and Bexhill mainline railway station.

The property is located in a parade of other commercial properties and is currently let as a dance studio on the ground floor with two studio flats and one one-bedroom flat occupying the upper floors of the property.

Ground Floor

Communal entrance to upper floors.

Shop

Main reception area leading to hallway leading to large staff room with kitchenette and two W.C.s. A large dance studio to the rear.

Cellar

Tenancy

Let on a three year commercial lease, from 1st January 2020, at £8,496 per annum.

First Floor

Flat 1

Living and kitchen area, bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £375 per calendar month.

Flat 2

Living and kitchen area, bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £425 per calendar month.

Second Floor

Flat 3

Bedroom, bathroom with W.C., kitchen and reception room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £495 per calendar month.

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/