Lot 102 - Shop For Investment
24-25 Grand Parade, East Sussex, TN37 6DN
Guide Price: *
£90,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£95,500Bid history
5 bidsAThis is an automatic bid as the bidder has set a maximum bid for this lot
13/12/2023 09:27:19 - £95,500
BThis is an automatic bid as the bidder has set a maximum bid for this lot
13/12/2023 09:27:19 - £94,500
AThis is an automatic bid as the bidder has set a maximum bid for this lot
13/12/2023 09:17:53 - £92,000
See all 5 bids ▾
Currently let at £11,440 per annum
A ready-made commercial investment producing a good income situated in a prominent position on St. Leonards seafront.
The property is arranged over two floors and is let to Grand Designs. It is located close to St. Leonards town centre, local shops, amenities and Warrior Square mainline railway station. Hastings town centre can also be found one- mile east of Grand Parade offering a wide variety of amenities including Hastings Pier and Priory Meadow Shopping Centre.
Let for the term of five years from 2022 the substantial commercial unit forms part of a larger block known as Grand Court and is arranged as retail spaces on the ground floor with ancillary space in the basement. There is a single parking space to the rear.
Ground Floor
Glass double-fronted entrance leading to open plan retail area, Office and W.C., door to rear.
Lower Ground Floor
Open plan storage.
Outside
Parking space to rear.
Tenancy
Let to Grand Designs for a term of five years from 1st March 2022 at a current rental of £11,440 per annum.
Tenure
Remainder of a 99-year lease, from the 29th September 1985, at a current ground rental of £100 per annum.
Summary
- Lot number
- 102
- Auction end
- 13th Dec at 14:06
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 102
- Auction end
- 13th Dec at 14:06
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Sussex & Surrey
01273 504232
83 Bates Road, Brighton, East Sussex, BN1 6PF
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* 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 Clive Emson Auctioneers 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 Clive Emson Auctioneers. 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.
