Lot 3 Mixed Commercial And Residential InvestmentAuction Date:
18th September 2024
32 Fernside Avenue, St. Leonards-on-Sea, East Sussex, TN38 0UU
Currently let at £22,400 per annum
An end-terrace property located in a parade of shops in a predominantly residential area of St Leonards currently arranged as a commercial unit on the ground floor which is let and occupied as a café and a three bedroom self-contained flat occupying the ground floor and first floor.
32 Fernside Avenue
Ground Floor
Serving area, two W.Cs., an office, washing up area, kitchen and storage.
Tenancy
Let on a Commercial Lease for the term of 10-years at a current rental of £9,500 per annum.
32A Fernside Avenue
Ground Floor
Conservatory, kitchen and living room.
First Floor
Three bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at current rental of £12,900 per annum.
Council Tax Band B
Auctioneer's Note
At the time of publication the Auctioneer has been unable to internally inspect the property and the details have been provided by the seller. Interested applicants are advised to make their own investigations.
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
