End of terrace house in Hastings

384 Old London Road, Hastings TN35 5BB
  • Lot No: 87
  • Property Type: End of terrace house
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £72,000+ plus fees

Property Description

An investment opportunity generating £9,600 per annum. The end of terrace property comprises a ground floor retail shop which is rented out to a long term tenant along with a one bedroomed flat. The property is located in a popular location with a wide range of local amenities and transport links.

RETAIL PREMISES:

Comprising -


Ground Floor:

Retail area, inner hall, staff wc, office/store.


Lower Ground Floor:

Inner hall, customer wc, front room, rear room.


RESIDENTIAL PREMISES:

Comprising -


Ground Floor:

Entrance hall, separate wc.


First Floor:

Lower Landing, kitchen, upper landing, living room, bedroom with en-suite shower room.


Tenure:

Freehold and Leasehold interest. The residential premises are subject to a 99 year lease from 29th September2004 with approximately 82 years unexpired at a peppercorn ground rent fixed throughout the terms.


Services:

Mains gas, electricity, water and drainage are believed to be connected. Prospective buyers are advised to make any necessary independent enquiries in this respect before placing their bid, as this will be binding.


Heating:

Retail Shop - Electric.


Building Construction:

Brick.


Broadband:

Standard 5 mbps and Superfast 75 mbps are available in this location


Mobile Signal:

EE, O2, Vodaphone and Three are available in this location for Voice and Data.


Satellite and Cable TV Availability:

Sky and BT are available in this location.


Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 25th July 2024

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

384 Old London Road, Hastings TN35 5BB