Auction House London

Lot 54

Commercial Property - Commercial Property 

316 Bexhill Road

St. Leonards-on-Sea, East Sussex, TN38 8AL

£170,000+

Guide Price (plus fees)

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 and Disclaimer

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.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. 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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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 or email us at info@auctionhouselondon.co.uk

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*Unsold, please refer to Auctioneer

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

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