Lot 88 - COMMERCIAL PROPERTY FOR INVESTMENT

Sold £65,000

Currently let at £7,500 per annum

A ground floor commercial unit on the west side of London Road which is a busy thoroughfare on the edge of Bexhill town centre, with easy access to the A259, the mainline railway station and seafront. The property has been well-maintained, by the current tenant, over the years and has a gas heating system via radiators.

Ground Floor

Main office, further office with storage area, kitchen and separate W.C.

Outside

Garden, two storage units and one parking space to the rear.

Tenancy

Holding over on the terms of a five-year lease from 1st June 2015 at a current rent of £7,500 per annum.

Tenure

Sold on a 999-year lease from 24th June 2007. Further information will be available to download from the Clive Emson website.

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 cliveemson.co.uk/buyers-fees/