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Lot 53 Sold: £63,000

Auction: Wednesday 24th October 2018

187 Langney Road, Eastbourne, East Sussex BN22 8AH

  • Photo1
  • Photo2

Lot 53

Gross Yield 15%
6 Week Completion

Situation

Located on the junction with Seaside, amongst such multiples as Ladbrokes and Papa John's as well as a variety of independent traders serving this residential area, only a few minutes' walk from Eastbourne Pier and seafront.
Eastbourne is situated approximately 20 miles east of Brighton and 15 miles west of Hastings, enjoying easy access via the A22 and A27.

Property

Forming part of a parade comprising a single storey Ground Floor Shop.

Accommodation

Ground Floor Shop
Gross Frontage 14'0”
Internal Width 12'5”
Shop Depth 16'8”
Built Depth 26'2”
WC

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to I. Savina (t/a Just Sew Tailors) for a term of 1 year from 30th November 2015 (holding over) at a current rent of £6,000 per annum exclusive.

Note: £500 Rent Deposit held.

Enquire about this lot:

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.