Lot 26 Freehold Block Of Eight Flats For InvestmentAuction Date:
20th September 2023
76-78 Pevensey Road, Eastbourne, East Sussex, BN21 3HT
Currently let at £93,900 per annum
A mid-terrace freehold block of eight flats over four floors located in the centre of Eastbourne a short walking distance from the city centre and seafront.
The property currently contains eight tenanted flats, seven of which are two-bedroomed and one is a one-bedroom flat, currently let at a total of £93,900 per annum.
Flat 1
Basement
Living room with kitchen area, bathroom/W.C., two bedrooms.
Outside
Garden.
Flat 2
Basement
Living room with kitchen area, bathroom/W.C., two bedrooms.
Outside
Garden.
Flat 3
Ground Floor
Living room with kitchen area, bathroom/W.C. and two bedrooms.
Flat 4
Ground Floor
Living room, separate kitchen, bathroom/W.C. and one bedroom.
Flat 5
First Floor
Living room with kitchen area, bathroom/W.C., two bedrooms.
Flat 6
First Floor
Living room with kitchen area, bathroom/W.C., two bedrooms.
Flat 7
Second Floor
Living room with kitchen area, bathroom/W.C., two bedrooms.
Flat 8
Second Floor
Living room with kitchen area, bathroom/W.C., two bedrooms.
Tenancy
The two-bedroom flats are each let on Assured Shorthold Tenancy Agreements at a current rental of £1,000 per calendar month each and the one-bedroom flat is let on an Assured Shorthold Tenancy Agreement at a current rental of £825 per calendar month.
Each Flat Council Tax Band A
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
