63-65 Cooden Sea Road, Bexhill-on-Sea, East Sussex, TN39 4SL
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Description
*Guide Price £50,000
Freehold Ground Rent Investment Producing £1245 PA Rising Every 10 Years To RPI
Including Rooftop Development With Planning Permission
Description
A planning application was made on the 28th February 2022 for the proposed construction of an upward extension, utilising the airspace above an existing residential and commercial premises - in order to provide a single dwelling (Class C3). Planning permission was granted 9th December 2022
Planning No. APP/U1430/W/22/3300762 FULL PLANNING DRAWINGS IN LEGAL PACK
PLEASE NOTE the pictures shown on this catalogue page are CGI images of the building and show the proposed roof top development
Situation
The property is situated in Little Common Village to the south of the A259. Local shops and amenities are nearby including a Tesco Express and doctors surgery.
Collington mainline railway station is just over a mile away (Eastbourne 21 minutes)
Lease Terms
All 5 leases have a term of 125 year lease from and including 29th September 2019 at initial ground rent of £249 pa
Ground Rent Review
All flat leases have their ground rent reviewed every 10 years based on increase in Retail Price Index (RPI)
Notices
Section 5B Notices Landlord & Tenant Act 1987 ( as amended ) have been served. Copy in legal pack.
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY
Brochures
Legal Documents63-65 Cooden Sea Road, Bexhill-on-Sea, East Sussex, TN39 4SL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cooden Beach Station0.8 miles
- Collington Station1.1 miles
- Bexhill Station1.7 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Auction House Sussex & Hampshire is one of the largest property auctioneers in the South of England. Operated by Estate Agency Austin Gray, we have more than 40 years' experience selling properties at auction.
Through our extensive market knowledge and proactive marketing, we are highly regarded for selling residential investment properties locally.
Each year we hold in excess of seven live stream and multiple online auctions. Our team sell a significant number of lots in the Brighton & Hove area where our offices are located. These include residential & commercial property, development sites, land & garages.
In 2023 we have expanded our South East coverage to include Hampshire. Our auction services are now available across the whole of Sussex and Hampshire. These areas include Chichester, Rye, Horsham, Crawley, Basingstoke & Dean, Petersfield, Gosport and The New Forest.
If you need any advice or assistance, please call our team who would be delighted to help you.
Notes
Disclaimer - Property reference 257921. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Austin Gray, Auction House Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 109784.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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