Auction House London

Lot 44

Mixed Use - Commercial Property 

181 & 183 Hangleton Way

Hove, East Sussex, BN3 8EY

Sold for £120,000

A Freehold Commercial & Reversionary Ground Rent Investment Producing £9,075 per annum

Description

The property comprises a three storey end of terrace building arranged as a ground floor lock up shop (A5 Use) and a first and second floor maisonette (sold off with approximately 65 years unexpired on the lease).

Location

The property occupies a prominent position on an established local parade servicing the surrounding residential area of Hangleton. Transport links are provided by Portslade rail station and the nearby A27.

Exterior

The property benefits from a service yard and car park to the rear and off street parking to the front.

Note

In accordance with the EA Act 1979 a connected person to AHL has an interest in this property.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
Shop (181) Ground Shop Area - GIA approx. 600 sq ft.
Gross 5.0m, Net Frontage 4.8m, Built Depth 12.5m
Let on a 25 year FRI Lease from 2/3/2001. 5 yearly upward only rent reviews. £9,000
Flat (183) First & Second Two Bedroom Maisonette (Not Inspected) Leasehold. The property is sold off on a 99 year lease from 25.3.1985. £75

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.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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Ground Floor Can Be Viewed During Trading Hours
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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Enquire about 181 & 183 Hangleton Way, Hove, East Sussex, BN3 8EY

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