Lot 85 Two Freehold Shops Plus Workshop And Two Flats AboveAuction Date:
20th March 2024
36 South Coast Road, Peacehaven, East Sussex, BN10 8SU
Currently let at £17,100 per annum
Estimated rental £50,000 per annum
This substantial detached two-storey property occupies a prominent location on the main A259 (South Coast Road). The property is arranged as two vacant retail units on the ground floor with rear workshops, offices and garage with a driveway providing parking for several vehicles.
There are two self-contained one and two-bedroom flats on the first floor which are currently let at £17,100 per annum. The building has potential for redevelopment and would suit a variety of uses, subject to all necessary consents being obtainable.
The property is conveniently located on a busy commercial thoroughfare close to the centre of Peacehaven with its comprehensive local shopping facilities, amenities and excellent road links to Brighton, Eastbourne and all surrounding areas via the A259 coastal link road.
Ground Floor
36 South Coast Road
Shop premises.
36A South Coast Rd
Retail unit with rear office/store formerly let as a café and ladies and gents W.Cs.
36B South Coast Rd
Retail area with rear showroom, formerly let as a fireplace shop, rear access, workshop premises with roller shutter doors, kitchen and rear office space.
36C South Coast Rd
Separate W.C., garage/store with vehicular access from Searle Avenue, two store rooms.
Outside
Driveway with vehicular access from South Coast Road providing parking for several vehicles.
First Floor
Access from ground floor to communal hallway with shared utility room. Both flats have a gas heating system via radiators and fully double glazed.
36A South Coast Rd
Front flat, entrance hall, access to loft space, living room, kitchen, two double bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £700 per calendar month.
36B South Coast Rd
Rear flat, entrance hall, kitchen/breakfast room, living room, double bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £725 per calendar month.
Local Planning Authority
Lewes District Council. Tel: 01273 471600. Website: lewes.gov.uk.
Site Measurements
The site extends to 0.04 hectares (0.11 acres).
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
