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50-52 Devonshire Road, Bexhill-on-Sea, TN40 1AX

  • Subasta
  • Lote 4
  • Reino Unido
  • Local
  • Comercial

Vendido por £250,000

Resumen de la propiedad

  • Freehold retail and residential ground rent investment
  • Secured on two retail units and six flats
  • Part let to Card Factory
  • Coastal town centre location
  • Close to sea front
  • Producing £30,225 per annum
  • On behalf of a major property company

Contacto

Simon Bailey
Simon Bailey
El equipo está para ayudarte
James Thomson
Abogado del Vendedor

Contacto

Simon Bailey
Simon Bailey
El equipo está para ayudarte
James Thomson
Abogado del Vendedor

Descargas

Descripción de la propiedad

Two mid-terraced buildings of traditonal construction arranged over ground and three upper floors. The ground floor is arranged as two retail units with the upper floors being arranged as six flats with access from Devonshire Road. Each flat has been sold off on a long lease and the relevant Section 5b Housing Act notices have been served with the tenants not having exercised their right of first refusal.

Ubicación

Bexhill-on-Sea is a coastal town situated on the south coast of England approximatey 5 miles west of Hastings and 12 miles north east of Eastbourne and can be accessed via the A259 and A269 with the former being the main coast road between Folkstone and Brighton. Bexhill railway station is on the East Coastway Line and provides regional rail services as well as direct services to London Victoria and numerous bus routes serve the area.

Devonshire Road is the principal shopping thoroughfare in the town centre running north from Marina (B2182). The property lies on the west side of the road with nearby occupiers including Iceland, Savers, and Shoezone.

Planificación

Rother District Council (01424 787000) - www.rother.gov.uk

Estado de Ocupación

Freehold (including a long leasehold interest of the upper floors for a term of 125 years from 25/12/1984) - refer to legal pack

Datos adicionales

UnitAccommodationTenancyRent (£pa)
50 Devonshire RoadRetail 175.95 sq m (1,894 sq ft)Let to Sportswift Ltd t/a Card Factory for a term expiring 11/11/2024 (1)£16,000
52 Devonshire RoadRetail 134.52 sq m (1,448 sq ft)Let to indiividuals t/a Only Fish for a term of 5 years from 16/11/2023 (2)£14,000
Flat 1Residential125 years (less 3 days) from 25/12/1984£40
Flat 2Residential125 years (less 3 days) from 25/12/1984£60
Flat 3Residential125 years (less 3 days) from 25/12/1984£40
Flat 4Residential125 years (less 3 days) from 25/12/1984£60
Flat 5Residential125 years (less 3 days) from 25/12/1984£40
Flat 6Residential215 years (less 3 days) from 25/12/1984Peppercorn
Total  £30,225

(1) For the year ending 31/01/2023 the tenant reported a turnover of £446.13 million, a pre-tax profit of £62.12 million and shareholders' funds of £115.86 million

(2) There is a tenant only break clause on 16/11/2026

(3) The relevant Section 5b Housing Act notices have been served on the residential tenants who have not having exercised their right of first refusal.

Impuestos

Por favor refiérase a los documentos legales

Consumo energético

50 Devonshire Road - Rating 89 Band D

52 Devonshire Road - Rating 76 Band D

Enlaces Útiles

*Términos y Condiciones

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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