Lot 139 Mixed Use Investment Comprising Ground Floor Commercial Unit, Three Flats And Single Lock-Up GarageAuction Date:
20th September 2023
21 Wickham Avenue, Bexhill-on-Sea, East Sussex, TN39 3EP
Currently let at £29,380 per annum
An end-terrace block situated on the corner of Wickham Avenue and Cornwall Road arranged as mixed residential and commercial accommodation with detached single lock-up garage.
The property which is fully let and provides a good income is located within Bexhill town centre offering easy access to local shops, amenities and the mainline railway station.
The three flats are self-contained and accessed from Cornwall Road and the commercial premises, currently trading as a tailor fronts Wickham Avenue. In addition to the main building there is a separate single lock-up garage which is also let. The property is considered ideal for immediate investment.
21 Wickham Avenue
Shop
Retail area, storeroom and W.C.
Tenancy
Let under the terms of a 5-year lease from 4th August 2022 to 3rd August 2027 at a current rental of £5,500 per annum.
21A Wickham Avenue
Entrance hall, living room, inner hallway with storage cupboard, kitchen with door to rear, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £700 per annum.
21B Wickham Avenue
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £750 per calendar month.
21C Wickham Avenue
Entrance, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £500 per calendar month.
Detached Garage
Tenancy
Let on a Licence from 1st September 2019, at a current rental of £40 per calendar month.
Each Flat is Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Dyer & Hobbis Ltd
01424 423626
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
