Lot 81 Block Of Three Flats With A Ground Floor Commercial PropertyAuction Date:
20th September 2023
9 Sackville Road, Bexhill-on-Sea, East Sussex, TN39 3JB
Currently let at £24,000 per annum
Estimated rental £34,200 per annum
A town centre block comprising two, two-bedroom flats, a one-bedroom flat and a commercial unit operating as a music shop. Flat 2 is vacant and has recently undergone some refurbishment.
The property is let providing a good income and is located in one of Bexhill's main thoroughfares offering easy access to Bexhill seafront, De La Warr Pavilion and Bexhill railway station. All flats are accessed via a rear communal staircase and the commercial unit has a private entrance from the road. Considered ideal for immediate investment.
Ground Floor
Shop
Retail area, rear store room, and W.C.
Tenancy
Let on Tenancy at Will from 6th February 2019 at a current rental of £7,800 per annum.
Lock-Up Store
Tenancy
Let on a Licence from 16th May 2023 at £32.50 per calendar month.
First Floor
Flat 1
Hallway with storage cupboard, living room, kitchen, two bedrooms and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy (holding over) at a current rental of £650 per calendar month.
Second Floor
Flat 2 (Vacant)
Entrance hall with storage cupboard, living room, kitchen, two-bedrooms and bathroom with W.C.
Third Floor
Flat 3
Entrance hall with storage cupboard, living room, kitchen, bedroom and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £700 per calendar month.
Each Flat Council Tax Band A
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
