Lot 94 Substantial Residential Investment Let To Statutory TenantAuction Date:
7th February 2024
Chapel Meadow, Forest Row, East Sussex, RH18 5LH
Currently let at £24,600 per annum
This is a rare opportunity to acquire a substantial detached property located in the High Weald Area of Outstanding Natural Beauty, on the northern edge of Ashdown Forest.
The property is arranged over three floors of part brick rendered and part tile hung elevations, beneath a tiled roof. The whole property is let to a Statutory Tenant at a Registered Rent of £26,400 per annum, with the original registration commencing from June 1973. We understand from the Seller’s agent the property has all main services and a gas heating system via radiators, with the accommodation offered in good order throughout.
The property is located in a sought after residential location on a private road, just off the A22. The village of Forest Row is easily accessible with its comprehensive range of local shopping facilities and amenities, with excellent road links via the nearby A22 and A23 linking Gatwick, London and all surrounding areas.
Lower Ground Floor
Stairs from ground floor hallway, kitchen/breakfast room, utility room, pantry, separate W.C., staff sitting room and kitchenette. Secondary staircase to lower first floor and staircase to first floor.
Ground Floor
Stairs to first floor, entrance hall, cloakroom/W.C., study, living room and drawing room.
Lower First Floor
Half landing, two bedrooms, bathroom, separate W.C. and boiler room.
First Floor
Landing, four double bedrooms, store room and family bathroom with W.C. Stairs to second floor.
Second Floor
Self-Contained Flat
Hallway, open plan living room and kitchen, bedroom and bathroom/W.C.
Outside
The gardens extend to 0.67 hectares (1.65 acres) and are mainly laid to lawn with shrub borders. Driveway with parking for several vehicles leading to a detached double garage with two garden stores.
Tenancy
Let on a Protected Statutory Tenancy at a registered rent of £6,600 per quarter, which was registered on 29th July 2022. We understand the tenants have been in occupation since the tenancy commenced on 12th June 1973.
We are informed that the tenant is significantly in arrears and further details will be available within the legal pack.
Auctioneer's Note
We have been unable to internally inspect the property and interested applicants are advised to rely on their own investigations to verify the information provided.
Viewing
There will be no internal viewings and prospective purchasers are requested not to contact the occupants direct.
Council Tax Band E
EPC Rating D
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
