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Lot 32 Freehold Residential And Commercial InvestmentAuction Date:
5th May 2022
5 Claremont, Hastings, East Sussex, TN34 1HA
Currently let at £25,980 per annum
A mixed commercial and residential investment situated in the town centre with its variety of local and national retailers, railway station and further amenities, as well as within close proximity to the seafront. The property is arranged as a ground floor retail unit with three self-contained flats occupying the further four storeys above.
Commercial
Ground Floor
Retail space, workshop and W.C.
Lower Ground Floor
Cellar with two store areas.
Tenancy
Let on a License at a current rental of £520 per calendar month.
First Floor
Flat 1
Bedroom, living room, kitchen and bathroom/W.C.
Council Tax Band A
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £495 per calendar month.
Second Floor
Flat 2
Bedroom, open plan kitchen/living room and bathroom/W.C.
Council Tax Band A
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £500 per calendar month.
Third Floor
Flat 3
Hallway, living room, kitchen and bathroom with W.C.
Fourth Floor
Landing and two bedrooms.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £650 per calendar month.
Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
