Lot 8 - FREEHOLD PROPERTY COMPRISING COMMERCIAL UNIT AND THREE SELF-CONTAINED FLATS

Withdrawn After

A mid-terrace 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 on the ground floor to a beautician. There are two one-bedroom vacant flats and one studio flat which is also vacant occupying the upper floors of the property.

Commercial

Ground Floor

54 & 54B London Road

Two retail areas, two treatment rooms, kitchen, store room and W.C.

Tenancy

Let on a commercial lease for a term of two years from 2013 (holding over) at a current rental of £316 per calendar month. Estimated rental income £550-£600 per calendar month.

Residential

Flat D

Own entrance to kitchen/living room/bedroom and bathroom with W.C.

First Floor

Store room and bathroom with W.C.

Flat 1

Entrance hall, living room, kitchen and bedroom with en-suite shower and W.C.

Second Floor

Store room.

Flat 2

Entrance leading to bedroom with en-suite shower and W.C., kitchen and living room.

Auctioneer's Note

At the time of publication the Auctioneers have been unable to internally inspect the commercial part of this property, therefore, interested parties are advised to make their own enquiries.

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Freehold with Part Vacant Possession

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/