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Lot 37 Sold: £85,500

Auction: Wednesday 17th July 2019

48 Ninfield Road, Sidley, Bexhill-on-Sea, East Sussex TN39 5AB

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Lot 37

Gross Yield 11.4%
6 Week Completion

Situation

Located close to the junction with Glovers Lane in this busy local trading position amongst such multiples as Lidl, Co-Op Funeralcare, McColls, Post Office and Betfred and serving the surrounding residential area only 1 mile north of Bexhill Town Centre.
Bexhill-on-Sea is a popular coastal town approx. 5 miles west of Hastings and 12 miles east of Eastbourne.

Property

Forming part of a terraced parade comprising a Ground Floor Shop. There is a rear service road with vehicular access for unloading.

Accommodation

Ground Floor Shop
Gross Frontage 18'0"
Internal Width 17'0"
Shop Depth 22'11"
Built Depth 30'7"
WC

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 22nd January 2016 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to Ms E. Serra as a Bakery/Sandwich Bar for a term of 15 years from 1st June 2018 at a current rent of £8,000 per annum exclusive.

Rent Reviews 2021 and 3 yearly

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Zac Morrow

Zac Morrow
020 8492 9449
zmorrow@barnettross.co.uk

*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.