About the property
Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £99,950 Freehold.
Immediate exchange of contracts available. Sold via 'Secure Sale'.
An excellent opportunity to acquire a modern and spacious (67 square metres) ground floor retail premises which includes the Freehold.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid / offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
MAIN FRONT SHOP SPACE : SECONDARY AREA OF SHOP SPACE
FURTHER INNER OFFICE SPACE : LARGE REAR OFFICE AREA / STORE AREA
MODERN FITTED KITCHEN : MODERN CLOAKROOM / WC
SMALL REAR COURTYARD GARDEN
- TOWN CENTRE LOCATION CLOSE TO SEAFRONT & TOWN CENTRE *
- MODERN AND WELL APPOINTED INTERIOR *
- GAS CENTRAL HEATING SYSTEM * UPVC DOUBLE GLAZING * FIRE ALARM SYSTEM *
- GROUND RENT INCOME FROM THE TWO FLATS ABOVE = £100 PER ANNUM *
- EPC = D * 67 SQUARE METERS * VIEWING HIGHLY RECOMMENDED *
CURRENT USEAGE:
A1 / A2 Retail and Financial / Professional Services.
INCOME:
Expected annual shop rent £10,000 - £11,000.
Ground rent from the two flats above generates an additional £100 per annum
LOCATION:
The property enjoys a prominent town centre location of mixed development, being less than a quarter of a mile from Eastbourne seafront with its famous Victorian Pier, Wish Tower Slope and carpet gardens and is therefore conveniently well placed for various other nearby local shopping facilities and bus routes. The property is also within approximately a quarter of a mile from Eastbourne town centre where there are extensive shopping facilities including the Beacon Shopping Centre with new cinema, theatre district and the mainline railway station (London, Victoria approximately 80 minutes).
THE PREMISES COMPRISE:
UPVC double glazed main front door to:
MAIN FRONT SHOP SPACE: Approximately 16’4 x 11’4.
Radiator. Wood laminate flooring. Large double glazed shop front.
SECONDARY MAIN OFFICE SPACE: Approximately 11’11 x 9’3.
Radiator. Wood laminate flooring.
INNER OFFICE: Approximately 12’3 x 7’4.
Radiator. Wood laminate flooring.
LARGE REAR OFFICE / STORE AREA: Approximately 21’8 x 6’7.
Two radiators. Wood laminate flooring. UPVC double glazed door leads out to the small rear courtyard.
STYLISH FITTED KITCHEN: Approximately 10’10 x 7’10.
Modern contoured work-surface with inset single draining stainless steel sink unit with mixer tap, having a range of white gloss drawers and cupboards under. Attractive partly tiled walls and vinyl type flooring. Radiator.
STYLISH CLOAKROOM / WC:
Modern white suite comprising a dual flush push button WC unit and a pedestal wash hand basin with mixer tap. Attractive partly tiled walls and vinyl type flooring. Radiator. Wall mounted Baxi gas fired boiler. Opaque UPVC double glazed window.
Please Note: Appliances, heating and hot water systems have not been tested.
All measurements are approximate.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
