Lot 13

FREEHOLD RESIDENTIAL INVESTMENT PRODUCING APPROXIMATELY £16,000 PER ANNUM

13 Mount Pleasant Road, Hastings, East Sussex, TN34 3SB
13 Mount Pleasant Road, Hastings, East Sussex, TN34 3SB
Guide Price £215,000 – £225,000 * + Fees

Currently let at £15,900 per annum

Estimated rental value £19,200 per annum

Applicants may view the lot externally only

This mid-terrace bay fronted property is arranged over three floors, as two self-contained flats. There is a ground floor one-bedroom flat with rear yard and a first and second floor three-bedroom maisonette with good sized rear garden.

The building has double glazing and gas heating systems via radiators and produces approximately £16,000 per annum with potential for rental growth.

It is located on the north side of the road close to its junction with Elphinstone Road and Hastings town centre and seafront with its comprehensive shopping facilities and mainline station, one and a half miles to the south. There are excellent road links to Eastbourne, Brighton and Tunbridge Wells via the A259/A21.

Ground Floor Flat

Living room, inner hallway, double bedroom, kitchen, lobby, door to rear yard and bathroom with W.C.

Outside

Rear yard.

Tenancy

Let on an Assured Shorthold Tenancy Agreement, from 12th December 2019, at a current rental of £475 per calendar month (due for review).

Tenure

Remainder of a 99-year lease, from 12th October 1989, at a current ground rental of £50 per annum.

First & Second Floor Maisonette

Ground Floor

Entrance hall with stairs leading to:

First Floor

Half landing, separate W.C, kitchen, glazed door with stairs down to rear garden, hallway, living room and bedroom.

Second Floor

Landing with access to loft space, two bedrooms and bathroom with W.C.

Outside

Good sized rear garden with lawn and storage shed.

Tenancy

Let on an Assured Shorthold Tenancy Agreement from 25th September 2019, at a current rental of £850 per calendar month (due for review).

Tenure

Remainder of a 99-year lease, from 12th October 1989 at a current ground rental of £50 per annum.

13 Mount Pleasant Road, Hastings, East Sussex
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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/