Auction House London

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

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.

View Details as PDFEnquire Now
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

Share this lot

Similar Properties

Lot 12

159A High Street Hampton Hill, Hampton, Middlesex, TW12 1NL

*Unsold, please refer to Auctioneer

Enquire about 316 Bexhill Road, St. Leonards-on-Sea, East Sussex, TN38 8AL

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2021 Auction House London
Registered Address: 2 Cotton Street, Liverpool, Merseyside, L3 7DY Company No. 07048084
Footer Logos