Lot 25 - TWO SHOPS AND A FLAT FOR INVESTMENT

Guide Price £270,000 – £280,000 * + Fees

Currently let at £23,400 per annum

Viewing by arrangement with Clive Emson Auctioneers

01622 608400
Chris Milne

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

14, 16 & 18 Cooden Sea Road, Bexhill-on-Sea, East Sussex

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/