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Ground Floor Premises, Cavendish Place, Eastbourne, East Sussex, BN21 3RL

Guide Price* £60,000

Property Description

Key features

  • Ground Floor Commercial Lock Up Shop Unit
  • Located Within Eastbourne Town Centre
  • An Ideal Investment Or Business Purchase

Full description

Tenure: Leasehold

To be sold by Public Auction on 8th December 2016 at The Macdonald Botley Park Hotel, Winchester Road, Boorley Green, Southampton, SO32 2UA

VIEWINGS VIA: Fox & Sons Eastbourne 01323 410911.

FOR A FULL LIST OF OUR PROPERTIES & LEGAL PACKS, PLEASE VISIT OUR WEBSITE WWW.FOXANDSONSAUCTIONS.CO.UK

FOR A FULL LIST OF OUR PROPERTIES, PLEASE VISIT OUR WEBSITE WWW.FOXANDSONSAUCTIONS.CO.UK

Ground Floor Commercial Lock Up Shop Unit
Located Within Eastbourne Town Centre
An Ideal Investment Or Business Purchase

Tenure:Leasehold

Location:The property can be found on the junction of Tideswell Road, amongst a host of local traders and amenities. The seafront is only a short distance away together with the Arndale Shopping Centre that offers a good array of national retailers and dining facilities. Parking is available in the area together with various travel networks.

Description:The property forms part of a parade of mixed commercial and residential properties located within the town centre of Eastbourne. The property boasts a corner frontage and is offered in good decorative order, making it an ideal small business or investment purchase.

Accommodation:Shop Front Room, Inner Lobby with Kitchen Area, WC.

Lease Details:The Lease is dated 25th May 2011 for a term of 999 years commencing from 25th March 2011.

Tenancy Details:The property is currently let at £5,200 pa with the tenant having given notice to vacate the property on 31st January 2017.

IMPORTANT NOTICE: The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if

appropriate the auctioneers may adjust the guide price to reflect this.

Map & Street View

Disclaimer - Property reference 55312. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fox & Sons, Southampton Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fox & Sons, Southampton Auctions on 02380 338066.


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