Lot 72 Commercial Investment With Residential Consent Of Upper PartsAuction Date:
12th June 2024
2-6 Langney Road, Eastbourne, East Sussex, BN21 3EU
Currently let at £27,000 plus VAT per annum
A substantial portion of this detached contemporary property is arranged over three floors. There are two commercial units on the ground floor, (one trading as a barbers and the other as a skateboard shop), producing £8,000 per annum and £15,000 per annum respectively.
The upper parts to include an additional mansard roof have Planning for Change of Use from offices to five two-bedroom flats and one, one-bedroom flat.
The property is situated within this busy thoroughfare in Eastbourne town centre represented by local traders and including multiples such as Ladbrokes and Dominoes Pizza.
The seafront is nearby and there are excellent road links to Hastings, Brighton and all surrounding areas via the nearby A27/A259.
Commercial
7Ply Skate Store
Tenancy
Let on a full repairing and insuring lease for 10-years from 28th June 2018, with three-yearly rent reviews/break clause at a passing rental of £15,000 plus VAT per annum.
Topman Barbers
Tenancy
Let on a full repairing and insuring lease for five-years from 6th February 2022 with a passing rental of £8,000 plus VAT per annum.
Ground Floor
First, second and proposed third floors are accessed via separate street entrance.
First Floor
Currently arranged as open plan living space.
Second Floor
Half landing, ladies, gents and disabled W.C.s. Stairs to further floor area currently arranged as open plan living space.
Planning
Planning Permission has been granted by Eastbourne Borough Council under ref: 220229, dated 25th May 2022 for Change of Use of first and second floors from office to residential use and construction of third floor mansard for the provision of one one-bedroom flat and five two-bedroom flats (amended description), subject to conditions.
A copy of the Planning Consent and accompanying documents may be downloaded from the Local Planning Authority, website, Eastbourne Borough Council. Website: eastbourne.gov.uk. Tel: 01323 415210.
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Further Information
Richard Payne
on 01273 504232
Viewings
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Legal Documents
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- Special Conditions
- Office Copy Entries
- Lease(s)
- Local Authority Search
- Planning Permission
- EPC
- Other Documentation
- Clive Emson Buyer Online Info Fees
- Holding Deposit
- Proxy Bidding FAQ and Scenarios
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Local Information
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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
