Development Site for sale in St. Leonards-on-Sea

AUCTION PROPERTY A mixed commercial and residential investment located within easy reach of the Asda supermarket, various local schools, shops and other amenities. The property is currently let to Betfred at 16,000 per annum, arranged as a ground floor commercial unit and a two bedroom self-contained maisonette and Planning Permission has been granted under two separate Planning Applications which allows for conversion of the existing maisonette into two self-contained flats and the development of an additional two flats. Additional Planning was also granted for proposed hip to gable roof extension, however this has now expired.

Planning
Planning Permission has been granted by Hastings Borough Council under ref: HS/FA/22/01004, dated 17th September 2024, for the conversion of an existing two bedroom maisonette into two one-bedroom flats. Erection of first floor extension above existing rear single storey rear projection, front and rear dormers and rear first floor window to side elevation, subject to conditions.

Planning Permission has been granted by Hastings Borough Council under ref: HS/FA/24/200209, dated 21st February 2023, for the erection of three storey building comprising undercroft with two parking spaces, cycle and bin storage comprising two flats (one studio flat and one one-bedroom flat), subject to conditions.

Planning Permission was granted by Hastings Borough Council under ref: HS/FA/22/00495, dated 2nd August 2022, for proposed hip to gable roof extension and external alterations, subject to conditions. We understand this has now since expired.

A copy of the Planning Permissions and accompanying documents may be downloaded from the Local Planning Authority website, Hastings Borough Council, Website: hastings.gov.uk. Tel: 01424 451090.

Existing Accommodation
Ground Floor
Shop front, two W.Cs. And store.
EPC Rating
B (48). Total Floor Area 87 sq.m.

19A - Flat
Entrance to rear.
First Floor
Living room, dining room, kitchen, bathroom and separate W.C.
Second Floor
Two bedrooms.
EPC Rating E
Council Tax Band A

Tenancy
The entire property is let on a Commercial Lease to Betfred for 10-years from 11th January 2021 at a current rental of 16,000 per annum.

Residential EPC: E

Commercial EPC: B

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/