Auction House London

Lot 45

 

129 Queens Road

Hastings, East Sussex, TN34 1RP

Unsold, the last bid was £91,000. Please refer to Auctioneer for Reserve.

A Commercial & Residential Investment Producing £9,600 per annum

Description

Tenure

Freehold

Location

Queens Road is an established parade close to the heart of Hastings town centre. Nearby occupiers include various local traders. The open spaces of Alexandra Park are within close proximity. Transport links are provided by Hastings rail station.

Description (2nd Column)

The property comprises a basement and ground floor commercial unit with a first floor one bedroom flat and a second & third floor maisonette which has been sold off situated within a mid terrace building arranged over ground and three upper floors.

Viewing Details

Tenant will show prospective buyers around on Monday 13th April 10:30 - 12:00

Accommodation Schedule

Property Floor Accommodation Lessee Lease Terms Current Annual Rent
Shop Ground &
Basement
Shop Area David Salt
& Nicola
Lawson
Let from 1st November 2014 until 30th
October 2016 at a rent of £400 pcm
£4,800
Flat First Reception Room with
Open Plan Kitchen,
Bedroom, Shower
Room with WC &
wash basin
David Salt Let on an AST from 16th April 2013
at a rent of £400 pcm (holding over)
£4,800
Flat Second &
Third
Not Inspected N/A Sold off on a long lease for a term of 100 years Peppercorn

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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