A rare opportunity to acquire a triple fronted unit at Marine Court (the only unit to have a basement). The leasehold commercial unit is situated on St Leonards seafront. Marine Court is a prominent landmark building a short distance from the town centre and within easy reach of Warrior Square mainline railway station offering easy access to a wide variety of local shops amenities.
Basement Changing rooms, studio space, two therapy rooms and store room.
Ground Floor Open plan studio space. Access to the communal washrooms at the rear.
Tenancy The tenant is currently occupying the property under the terms of an Agreement, until 2032 at a current rent of 22,500.00 per annum and contributes 7,500 per annum towards service charges. Further information will be included in the legal pack, available to download from the Clive Emson website.
Tenure Shop 14-15 Remainder of a 999-year lease from 26th December 1980 to 25th December 2979.
Shop 16 Remainder of a 99-year lease from 29th September 1980 to 28th September 2979 with a current ground rent of 25 per annum.
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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