Withdrawn | Lot 52

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

Withdrawn

  • Commercial Property
  • 1 Bedroom
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 31/07/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

A Commercial & Residential Investment Producing £12,000 per annum

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

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.