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Lot 31

On behalf of Trustees
6 Week Completion

Situation

Located at the junction with Grove Road and Terminus Road only a minutes' walk from Eastbourne Mainline Station and just 200 yards from the new Arndale Shopping Centre leading to the prime retailing further along Terminus Road.
Eastbourne is situated approximately 20 miles east of Brighton and 15 miles west of Hastings, enjoying easy access via the A22 and A27.

Property

Forming part of a terraced building comprising a large Self-Contained 1 Bed Flat in excellent condition on the first and second floors accessed via Ivy Terrace.

Accommodation

First and Second Floor Flat
1 Bedroom, Living Room, Kitchen, Bathroom/WC
GIA Approx. 720 sq ft

VAT is NOT applicable to this Lot

Tenure
Leasehold for a term of 125 years from completion at a fixed ground rent of £100 p.a.

Tenancy

The property is let on an AST to an Individual for a term of 2 years from 1st September 2017 at a current low rent of £4,800 per annum exclusive (see Note 1).

Note 1: The lessee refurbished the flat in exchange for a low rent.

Note 2: There is a £400 Rent Deposit being held.

*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.

Flat 2, 5a Ivy Terrace, 10 Grove Road, Eastbourne, East Sussex BN21 4QR