Situated close to Hastings seafront and with good access to Hastings town centre is this substantial six storey freehold property comprising a commercial premises occupying the ground floor and lower ground floor and four self-contained flats on the upper parts which have all been sold on leases.
The freeholder is responsible for the management of the building, recovering the costs from the leaseholders by way of a service charge.
Flat 1 has been sold on a 99-year lease, from 12th December 2017, at a ground rent of £250 per annum; Flat 2 sold on a 99-year lease, from 29th October 2018, at a ground rent of £250 per annum; Flat 3 sold on a 99- year lease, from 11 October 2018, at £250 per annum; Flat 4 sold on a 99-year lease, from and including 27th July 2017, at £250 per annum.
Section 5(B) Notices under the Landlord and Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under this legislation.
Front retail space, kitchenette, boiler room (servicing the block), rear retail area.
Lower Ground Floor
Five store rooms and two W.C.s.
Remainder of a 10-year lease from and including the 17th October 2016 at a current rental of £930 per calendar month.