Lot 58 Commercial Investment With Future PotentialAuction Date:
28th July 2022
Bugsell Business Centre, Haremere Hill, Etchingham, East Sussex, TN19 7QJ
Currently let at £18,660 per annum
Previously let at £47,527 per annum
The Bugsell Business Centre is a converted barn situated on the outskirts of Etchingham within easy reach of the A21.
The property may have potential for alternative uses or re-development, subject to all necessary consents being obtainable.
Communal Space
Kitchenette and W.C.
Units 1, 3, 4 and 8
We believe are all currently vacant.
Unit 2
Comprises of one room.
Tenancy
Currently let on a licence at £280 per calendar month.
Units 5 and 7
Comprising two rooms.
Tenancy
Currently let on a licence at £800 per calendar month.
Unit 6
Comprises one room.
Tenancy
Currently let on a licence at £475 per calendar month.
Outside
Hard standing to the front and side accommodating parking for the individual units.
Local Planning Authority
Rother District Council. Tel: 01424 787000. Website: rother.gov.uk.
Auctioneer’s Note
At the time of publication the Auctioneers have been unable to inspect all of the units and therefore interested parties are advised to make their own enquiries.
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
