Lot 101 - MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT

Sold £495,000

Currently let at £33,600 per annum

A substantial freehold property situated in the heart of Hastings, a close distance from both Hastings seafront and the town centre with it's variety of local and national retailers, further amenities and the train station. Currently arranged as two commercial units on the ground floor and three self-contained flats occupying the further three storeys, all of which are fully let.

20 Claremont

Ground Floor

Retail space.

Lower Ground Floor

Workshop, W.C. and kitchen.

Tenancy

Let on a six lease from 6th April 2018 (due to expire in 2024) at a current rental of £500 per calendar month.

22 Claremont

Ground Floor

Retail space.

Lower Ground Floor

W.C.

Tenancy

Let on a licence at £400 per calendar month.

Lower Ground Floor

There are two rooms which are used as storage by the vendor. These are accessed via a side entrance or via the two shops and are not occupied by either commercial tenant.

Flat 1

First Floor

Entrance hall, bedroom, kitchen, living room, further bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £600 per calendar month.

Flat 2

Second Floor

Entrance hall, two bedrooms, kitchen, living room and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £675 per calendar month.

Flat 3

Third Floor

Entrance hall, two bedrooms, living room and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £625 per calendar month.

Auctioneer's Note

At the time of publication the Auctioneers have been unable to internally inspect Flat 1. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

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/