Auction House London

Lot 85

 

129 Queens Road

Hastings, East Sussex, TN34 1RP

£85,000+

Guide Price

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.

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

Administration charge: £1,200 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.

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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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