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Lot 17 Sold: £271,000

13 Western Road, Bexhill-on-Sea, East Sussex TN40 1DU

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Lot 17   Click here for addendum

Freehold Commercial/Residential Investment
Gross Yield 10.7%
6 Week Completion

Situation

Close to the junction with Devonshire Road in one of the town's principal retail thoroughfares, amongst multiples such as HSBC, Jempsons Local, Ladbrokes, Cancer Research, Specsavers, Oxfam, Timpson, as well as a variety of independent retailers, coffee shops, cafés and restaurants and just yards from Bexhill Station (National Rail).
Bexhill-on-Sea is a popular seaside town which lies on the A259 coast road, midway between Eastbourne and Hastings.

Property

A mid terrace building comprising a Ground Floor Shop with internal and separate rear access to a Self-Contained Flat on the first and second floors.

Accommodation

Ground Floor Shop
Gross Frontage 16'2”
Internal Width 14'7”
Shop Depth 30'8”
Built Depth 54'9”
WC
First & Second Floor Flat
2 Bedrooms, Living Room, Kitchen (incl.Shower enclosure) &
separate WC
GIA Approx 940 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to R. Dahwch as a Convenience Store & Off-Licence for a term of 15 years from 4th March 2014 at a current rent of £14,000 per annum exclusive.

Rent Reviews 2019 (not actioned) and 2024

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@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.