Freehold Commercial Investment - Producing £9,400 Per Annum

The property forms part of a terrace on the north side of Havelock Road. This three storey building consists of a ground floor commercial unit, currently let at £9,000 per annum - being run as a coffee shop. The fours flats over the upper floors having been sold off on long leases. Situation The property is situated in Hastings Town Centre and is surrounded by a variety of independent & commercial traders. The seafront & mainline railway station, are within walking distance of Havelock Road. Location Pin (What3Words): cycled.space.forehand https://w3w.co/cycled.space.forehand NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU REVIEW THE LEGAL PACK AND READ THE SPECIAL CONDITIONS THOROUGHLY Accommodation Retail - 19.4 sq m Kitchen - 8 sq m W/C - 1.9 sq m Total Floor Area - 29.1 sq.m. Tenure Freehold Rent The ground floor shop is let on a 15 year lease at £9,000 pa, with break clauses on the 25th September 2029 and the 25th September 2034. Lease The 4 x flats have been sold off on a long leases - 125 years from the 6th March 2020, with a fixed ground rent per flat of £100 pa. Rateable Value - N/A EPC Rating Commercial - C

Lot Type

Commercial

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT)

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