Lot 25 Two Shops And A Flat For InvestmentAuction Date:
1st May 2024
14, 16 & 18 Cooden Sea Road, Bexhill-on-Sea, East Sussex, TN39 4SJ
Currently let at £23,400 per annum
A mixed commercial and residential property located in a busy thoroughfare in Little Common on the outskirts of Bexhill just off the A259 within easy reach of various local and national retailers, schools, supermarkets, Collington railway station and the seafront. The property is arranged as two ground floor commercial units and a well-presented flat on the first floor, all of which are currently let.
14 Cooden Sea Road
Three offices, kitchen and W.C.
Tenancy
Let on a Tenancy at Will for a term of 4 years from 24th March 2020.
16 Cooden Sea Road
Shop, W.C, changing rooms and two stock rooms.
Tenancy
Holding over under the terms of an original commercial lease at £6,600 per annum.
18 Cooden Sea Rd
Ground Floor
Entrance.
First Floor
Kitchen, living room, three bedrooms, second kitchen and bathroom with bath, shower and W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £750 per calendar month.
Council Tax Band A
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
