Lot 54
Commercial Property - Commercial Property
316 Bexhill Road
St. Leonards-on-Sea, East Sussex, TN38 8AL
£170,000+
Guide Price
A Commercial & Residential Investment Producing £12,000 per annum
Description
The property comprises a detached building arranged over ground and first floors currently arranged as a ground floor restaurant with a first floor one bedroom flat above. The flat benefits from its own rear access.
Tenure
Freehold
Location
The property is situated amongst a row of terraced houses on a busy mixed use road that links the two seaside towns of Hastings and Bexhill. The area benefits from lots of passing trade and the coastline is just 200 meters away. Transport links are provided by West St Leonards rail station.
Accommodation
Ground Floor
Restaurant Area (Approx. 40 Covers)
Kitchen
Two WC's
First Floor
Reception Room
Bedroom
Kitchen
Bathroom
Restaurant Area (Approx. 40 Covers)
Kitchen
Two WC's
First Floor
Reception Room
Bedroom
Kitchen
Bathroom
Exterior
The property benefits from off-street parking to the front and a rear yard with storage.
Tenancy
The entire building is let to Mr Rahman trading as Indian Lounge Restaurant on an FRI lease for a term of 20 years commencing 2002 at a current rent of £12,000 per annum. Reviews every 5 years. The tenants have been in occupation since 2009.
Current Rent Reserved
Current Rent Reserved £12,000 per annum
VAT
VAT is not applicable
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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Due to government guidelines, we will not be hosting Open House Viewings
For further information, please register for the legal pack.
For all enquiries, please contact Charles Thomas on charles@auctionconsultant.co.uk
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
Enquire about 316 Bexhill Road, St. Leonards-on-Sea, East Sussex, TN38 8AL
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