Lot 139 - Mixed Use Investment Comprising Ground Floor Commercial Unit, Three Flats And Single Lock-up Garage
21 Wickham Avenue, East Sussex, TN39 3EP
Guide Price: *
£300,000
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:
£318,000Bid history
11 bidsTThis is an automatic bid as the bidder has set a maximum bid for this lot
18/09/2023 19:16:50 - £318,000
TThis is an automatic bid as the bidder has set a maximum bid for this lot
18/09/2023 19:16:50 - £317,000
TThis is an automatic bid as the bidder has set a maximum bid for this lot
18/09/2023 19:15:27 - £314,000
See all 11 bids ▾
Currently let at £28,900 per annum
An end-terrace block situated on the corner of Wickham Avenue and Cornwall Road arranged as mixed residential and commercial accommodation with detached single lock-up garage.
The property which is fully let and provides a good income is located within Bexhill town centre offering easy access to local shops, amenities and the mainline railway station.
The three flats are self-contained and accessed from Cornwall Road and the commercial premises, currently trading as a tailor fronts Wickham Avenue. In addition to the main building there is a separate single lock-up garage which is also let. The property is considered ideal for immediate investment.
21 Wickham Avenue
Shop
Retail area, storeroom and W.C.
Tenancy
Let under the terms of a 5-year lease from 4th August 2022 to 3rd August 2027 at a current rental of £5,500 per annum.
21A Wickham Avenue
Entrance hall, living room, inner hallway with storage cupboard, kitchen with door to rear, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £700 per annum.
21B Wickham Avenue
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £750 per calendar month.
21C Wickham Avenue
Entrance, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £500 per calendar month.
Detached Garage
Tenancy
Let on a Licence from 1st September 2019, at a current rental of £40 per calendar month.
Each Flat is Council Tax Band A
Joint Auctioneer
Dyer & Hobbis Ltd, 43a Havelock Road, HASTINGS, East Sussex, TN34 1BE, 01424 423626
Summary
- Lot number
- 139
- Auction end
- 20th Sep at 14:08
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 3+
- Council tax band
- Ask Agent
Summary
- Lot number
- 139
- Auction end
- 20th Sep at 14:08
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 3+
- 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.
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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.
