Lot 5 Commercial InvestmentAuction Date:
28th July 2022
12 Marine Court, St. Leonards-on-Sea, East Sussex, TN38 0DX
Currently let at £11,000 per annum
A leasehold ground floor commercial unit situated on St Leonards seafront. Marine Court is a prominent landmark building located a short distance from the town centre and within easy reach of the Warrior Square mainline railway station.
The property is let and the current tenants occupy both numbers 11 and 12 Marine Court. Further information will be included in the legal documentation which will be available to download from the Clive Emson website.
Tenure
Remainder of a 125-year lease, from 26th December 1980, at a current ground rental of £50 per annum.
Ground Floor
Main serving area with kitchen and rear store room. Communal W.C.s to the rear.
Tenancy
Let under the terms of a 10-year lease, from 28th November 2014, at a current rental of £11,000 per annum.
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
