For Sale By Auction | 2.30pm, 13 March 2025 | Lot 13

Flats 1-5, 48 Sackville Road, Bexhill-on-Sea, East Sussex, TN39 3JE

*Guide | £250,000 - £275,000 (plus fees)

  • Block of Apartments
  • 5 Bedrooms

Call the team on 01273 201989 for more information

Auction Date

Thu 13/03/2025

Auction Time

2.30pm

Auction Venue

Live Stream

Long Leasehold Arranged As 5 Flats In Bexhill Town Centre Estimated Income Fully Let £30,900

An unusual opportunity to acquire a long lease arranged as 5 flats, spanning over the first, second & third floors of this terraced property in Bexhill town centre. This investment opportunity includes 2 x studio flats and 3 x one-bedroom flats, the entrance to the flats is via a private on street access, adjacent to the ground floor commercial unit. *Please note - the Auctioneers have not been able to inspect the property internally - and therefore are unable to confirm the condition or layout of 48 Sackville Road* Situation The property is located on popular Sackville Road in Bexhill town centre, within walking distance of local shops, restaurants and amenities. Bexhill mainline train station (direct routes to London Bridge) and seafront are within easy reach. Location Pin (What3Words): motion.range.proven https://w3w.co/motion.range.proven b>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 Tenure Leasehold - 125 years from 1st June 2007 - Approximately, 107 years remaining. Ground Rent - first 25 years £500 pa increasing every 25 years in increments of £125. Flats 1 to 5 - Council Tax - Band A Flats 1 to 5 Flat 1 - E Flat 2 - D Flat 3 - D Flat 4 - D Flat 5 - E

Lot Type

Residential Investments

Accommodation

Flat 1 - Studio - 20 sq.m. Flat 2 - 1 Bed - 41 sq.m. Flat 3 - Studio - 20 sq.m Flat 4 - 1 Bed -37 sq.m. Flat 5 - 1 Bed - 34 sq.m. Tenancies Flat 1 - Assured Shorthold Tenancy Agreement - 21st Sept 2020 to 20th Sept 2021 at a rent of £420 pcm Flat 2 - Assured Shorthold Tenancy Agreement - 6th Oct 2023 to 5th Oct 2024 at a rent of £650 pcm Flat 3 - 10 year lease from the 3rd December 2020, at a rent of £4,800 per annum. Flat 4 - Assured Shorthold Tenancy Agreement - 12th Nov 2018 to 11th May 2019 at a rent of £525 pcm Flat 5 - Vacant *A copy of the tenancy agreements for flats 1,2 & 4 will be uploaded to the legal pack. **All tenants are holding over.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.