Lot 45

FREEHOLD GROUND RENTS WITH BASEMENT AND CONSERVATORY ROOM

1 Egerton Road, Bexhill-on-Sea, East Sussex, TN39 3HH
1 Egerton Road, Bexhill-on-Sea, East Sussex, TN39 3HH
Guide Price £12,000 – £15,000 * + Fees

Currently let at £300 per annum

Plus vacant basement and sunroom

Viewing by arrangement with Clive Emson Auctioneers

A freehold end-terrace block comprising three self-contained flats each sold on a long lease. Flat 1, has the remainder of a 125-year lease, from 14th March 2017; Flat 2, has the remainder of a 125-year lease, from 13th December 2018 and Flat 3 has the remainder of a 120-year lease, from 31st March 2021, all at a current ground rental of £100 per annum, each.

In addition to the flats and included with the freehold is a basement area and sunroom at the rear of the property. It is considered that the sunroom may be ideal for a small office/workshop with additional storage in the basement subject to all necessary consents being obtainable. Interested applicants are advised to make their own enquiries with the local planning authority.

Local Planning Authority

Rother District Council. Tel: 01424 787000 Website: rother.gov.uk.

Auctioneer's Note

Section 5(B) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

1 Egerton Road, Bexhill-on-Sea, 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/