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

AUCTION PROPERTY A freehold mixed use investment comprising two ground floor commercial units, together with two separately accessed residential flats located above.

The property is situated in a prominent position on Kings Road, St Leonards-on-Sea, within easy reach of local shops, amenities and the seafront. The freehold building is currently let at 33,282.64 per annum.



Commercial
Occupied as Coral Racing Ltd
Ground Floor


Shop floor with customer counter/till area, W.C and kitchenette to the rear.



Basement


Basement room.



EPC Rating


To be confirmed.

Occupied as Mister Heelys
Ground Floor
Shop Floor with customer counter/till area, W.C and kitchenette to the rear.

Basement
Basement room.

EPC Rating
To be confirmed

Residential
The residential accommodation is accessed separately from Cross Street.



Flat 1


First Floor


Entrance Hall, living room overlooking Kings Road, kitchen, bathroom with bath and basin, separate W.C., bedroom with bay window and second bedroom.



EPC Rating D

Council Tax Band A

Flat 2
Top Floor
Living room overlooking Kings Road, kitchen overlooking Kings Road, bedroom with en-suite bathroom with shower and basin, two further bedrooms, bathroom with bath and basin and separate W.C.

EPC Rating


To be confirmed.

Council Tax Band A

Auctioneer's Note
We have been informed by the vendor that the whole Freehold Title is let under the terms of an overriding Full Repair and Insuring lease for a 16-year term at 33,282.64 per annum from 3rd February 2011 and ending on 2nd February 2027. Further information will be available to download from the Clive Emson website.

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/