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Lot 52

Gross Yield 10%
6 Week Completion

Situation

Located close to the junction with Glovers Lane in this busy local trading position amongst such multiples as Lidl, Co-Op Funeralcare, McColls and Betfred and serving the surrounding residential area only 1 mile north of Bexhill Town Centre.
Bexhill-on-Sea is a popular coastal town approx. 5 miles west of Hastings and 12 miles east of Eastbourne.

Property

Forming part of a terraced parade comprising a Ground Floor Fish and Chip Shop.
There is a rear service road with vehicular access for unloading.

Accommodation

Ground Floor Fish and Chip Shop
Gross Frontage 15'3”
Internal Width 12'10” (narrowing)
Shop Depth 23'4”
Built Depth 48'6”
WC

VAT is NOT applicable to this Lot

Tenure
Leasehold for a term of 999 years from 22nd January 2016 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to C Tas t/a Sidley Fish and Chips for a term of 20 years from 25th March 2016 at a current rent of £8,000 per annum exclusive.

Rent Reviews 2021 and 5 yearly.

Note: A £2,000 Rent Deposit is being held.

*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.

46 Ninfield Road, Sidley, Bexhill-on-Sea, East Sussex TN39 5AB