Lot 15 Commercial Unit With Ground RentsAuction Date:
6th February 2025
50 Havelock Road, Hastings, East Sussex, TN34 1BE
Currently let at £350 per annum
Key Features
A freehold mid-terrace property located in the heart of Hastings town centre within easy reach of various local and national retailers and a short distance from Hastings mainline railway station. The property comprises a commercial unit occupying the ground floor and the lower ground floor and car park to the rear.
Commercial
Ground Floor
Shop, office, kitchenette, two W.C's, two stores and two further offices.
Lower Ground Floor
Office and two stores.
Outside
Car park to rear.
EPC Rating
C (53). Floor area 160 sq.m.
Residential
Flats 1,2 & 3
Sold on 125 year leases from 26th August 2016 at a current ground rent of £100 per annum, per flat, doubling every 25 years.
Basement/ 24 Middle Street
Sold on a 99 year lease from 9th September 1999 at a current ground rent of £50 per annum.
Auctioneer's Note
Three of the leases are owned by the same leaseholder and therefore the two lessees are not classed as qualifying tenants and therefore Section 5(B) Notices have not been served under the Landlord and Tenant Act.
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
