Lot 88 Commercial Property For InvestmentAuction Date:
20th March 2024
97 London Road, Bexhill-on-Sea, East Sussex, TN39 3LB
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.
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
