Lot 116 Four-bedroom Cottage For InvestmentAuction Date:
22nd March 2023
2 Pevensey Bridge Cottages, Wallsend Road, Pevensey, East Sussex, BN24 5JS
Currently let at £12,600 per annum
Estimated rental £15,600 per annum
This freehold semi-detached period property provides light and spacious accommodation over two floors and produces £12,600 per annum. It is in need of some updating but has a gas heating system via radiators and is part double glazed. The house has an integral garage with a small store above, a parking area to the front with space for several vehicles, and a rear patio garden. It may be suitable for development, subject to all necessary consents being obtainable.
The cottage is situated directly on Wallsend Road close to its junction, the A259, and to the local shopping facilities and amenities of Pevensey. There are excellent road links to Lewes, Eastbourne and all surrounding areas via A27/A259.
Ground Floor
Living room, inner lobby, dinning room, kitchen, double bedroom, shower room with W.C., integral garage.
First Floor
Landing, three bedrooms, storeroom above garage (not accessed or inspected), bathroom with W.C.
Outside
Small enclosed rear courtyard garden, parking area opposite property with space for several vehicles.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £12,600 per annum, and we understand the tenant has been in occupation for approximately 16 years.
Council Tax Band C
Local Planning Authority
Wealden District Council. Tel: 01323 443322. Website: wealden.gov.uk
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
