Lot 83 Residential Investment Comprising Four FlatsAuction Date:
16th June 2022
8 Stockleigh Road, St. Leonards-on-Sea, East Sussex, TN38 0JP
Currently let at £20,340 per annum
A five storey mid-terrace town house arranged as four self-contained flats, three of which are let and one is currently vacant. The property is located in a predominantly residential area of St Leonards within close proximity to various local shops, amenities, railway station and the seafront.
Lower Ground Floor
Council Tax Band A
Flat 8A
Entrance hall, living room, shower room, bedroom with W.C and dressing room, kitchen and courtyard.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £495 per calendar month.
Ground Floor
Council Tax Band A
Flat 1
Entrance hall, kitchen leading to courtyard, bedroom, living room and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar month.
First Floor
Council Tax Band A
Flat 2 (Vacant)
Entrance hall, kitchen, living room, bedroom and bathroom/W.C.
Second Floor
Landlord’s storage cupboard.
Flat 3
Living room, kitchen, bedroom and bathroom with W.C. Stairs to:
Third Floor
Two bedrooms.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £700 per calendar month.
Council Tax Band B
Viewings
Viewings will take place only on Flat 2 which is vacant.
Freehold with Part Vacant Possession
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
