FREEHOLD MIXED USE INVESTMENT OPPORTUNITY
71 High Street, Polegate, BN26 6AH
- 6
Guide Price: *
£330,000
Fees apply
Reservation fee:2.4% (min. £7,200)
All fees include VAT at 20%
Auction Type:
Conditional
Highest bid:
£338,000Bid history
5 bidsA
16/08/2024 15:40:49 - £338,000
A
14/08/2024 09:41:56 - £336,000
A
14/08/2024 09:28:25 - £334,000
See all 5 bids ▾
This property is available via online auction, mortgage buyers & cash buyers welcome.
Please visit the Milestone website and via the main top menu click 'Online Auctions'
In order to bid first, register and verify your email.
Then, via the dashboard:
- pass an ID check
- enter your card details
Freehold Mixed-Use Commercial Property in Polegate
Property Overview
Location: Polegate
Property Type: Freehold Mixed-Use Commercial Property with Residential Maisonette
Key Features
Commercial Unit:
Long and reputable trading history
Annualised income: approximately £80,000
All fixtures and fittings included within the sale price
Vacant possession available upon sale
Potential rental income: £14,000 per annum
Residential Unit:
Spacious and well-presented 3-bedroom maisonette
Private access
Potential rental income: £15,600 per annum
Total Potential Annualised Income: £29,600 per annum
Property Description
This exceptional freehold mixed-use commercial property, located in the thriving area of Polegate, presents a unique investment opportunity. The building comprises a well-established commercial unit on the ground floor and a spacious, well-maintained 3-bedroom maisonette on the upper floors, each with its own private access.
The commercial unit has a long-standing and reputable trading history, generating an impressive annualised income of approximately £80,000. With the inclusion of all fixtures and fittings in the sales price, this property offers a seamless transition for the new owner to continue the profitable operations. Additionally, the business benefits from small business relief, further enhancing its appeal.
The 3-bedroom maisonette above the commercial unit is spacious and well-presented, providing comfortable living accommodation. With its private access, it offers the potential for a rental income of £15,600 per annum, adding to the overall profitability of the property.
Investment Potential
The property is located in an area experiencing significant growth, with hundreds of new houses being developed nearby. This expansion is expected to increase footfall, sustainability, and profitability for the commercial unit. The current owners, who reside in the upper maisonette and operate the commercial premises, are selling the property to relocate closer to family outside the area. They have enjoyed a healthy income over the years and believe this property will continue to be a lucrative investment for the new owner.
Sales Information
The property is being sold with vacant possession, making it an ideal purchase for investors looking for immediate occupancy. The building is for sale via online auction through Milestone Group. Access to our auction platform is available via our website.
Contact Information
For further details or to arrange a viewing, please visit our website or contact us directly.
Auction Fees Do Apply
Freehold Mixed Use Investment Opportunity ** Prominent High Street Location **
Summary
- Auction end
- 25th Sep at 11:02
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Auction end
- 25th Sep at 11:02
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:

Head Office
07931250707
39-41 Seaside Eastbourne East Sussex BN22 7NB
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), they will forfeit the full amount of the reservation fee.Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Milestone Sales & Lettings shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Milestone Sales & Lettings. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.