141-143 The Gardens, Southwick, Brighton
£240,000

Guide price

This detached two storey property is arranged as a ground floor retail premises and two self-contained flats above sold on long leases. The building produces just over £21,000 per annum in total and occupies a prominent corner location on the junction of The Gardens and the main A259 coastal link road.

It is situated between Hove and Shoreham with comprehensive local shopping facilities and amenities including mainline station within easy access. There are excellent road links to Brighton and Worthing via the nearby A27 and A259.

Ground Floor

Tenancy

Commercial premises trading as Adur Express Convenience Store on a 20-year internal repairing and insuring lease with five-yearly rent reviews, from 12th October 2021, at a passing rent of £20,800 per annum.

First Floor

Tenure

Both one-bedroom flats are sold under the terms of 125 year leases at a current ground rental of £150 per annum each, with Flat 1 commencing 8th November 2019 and Flat 2 commencing 20th August 2019.

Residential EPC: C

Commercial EPC: D

Important:

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Please note, following the Governments advice, lots are now being offered via our online platform. To register for our online auction please go to our online auction page https://www.cliveemson.co.uk/online/. For further information please go to cliveemson.co.uk or call us on 01622 608400.

Price Information

*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/

01273 253211

Clive Emson - Sussex & Surrey

83 Bates Road, Brighton, East Sussex

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