Floorplans

Property details

  • Auction Date: 14th July 2022
  • Mixed Freehold Investment
  • Fully Let and Producing circa 33,600 Per Annum
  • Exceptional Opportunity
  • Central Location
  • Room For Rental Increase
  • EPC Ratings D D D D E
FOR SALE BY AUCTION ON 14th July 2022
Auction Guide Price £475,000 to £495,000

MIXED FREEHOLD RESIDENTIAL/COMMERCIAL INVESTMENT
Fabulous opportunity to be able to purchase this freehold investment comprising of 3 self contained two bedroom flats and 2 commercial units on the ground floor all fully let and producing circa £33,600 per annum.

20 Claremont: Ground Floor commercial unit currently let to Sussex Framing on a lease expiring on 5th April 2024 at a monthly rent of £500 pcm (£6,000 per annum). We are advised the lease is of an FRI type and is excluded from the 1954 Landlord & Tenant Act. Measurements: Ground Floor Shop Area circa £298 sq ft: Lower Ground Floor Storage Circa 209 sq ft: Kitchen 71 sq ft: WC. Lobby to freeholders own storage with separate rear access

22 Claremont: Ground Floor commercial unit currently let to Vanity by Stacy on a monthly licence to include, we are advised, insurance premium contributions and paying a monthly rent of £400 (£4,800 per annum) currently rolling over. Measurements: Ground Floor Shop Area 209 2q ft: WC on half landing

Flat 1: Approximately 563 sq ft with 2 bedrooms, lounge, kitchen, bathroom & gas central heating currently let on an AST and producing £600 pcm (£7,200 per annum)

Flat 2: Approximately 580 sq ft with 2 bedrooms, lounge, kitchen, bathroom & gas central heating currently let on an AST and producing £675 pcm (£8,100 per annum)

Flat 3: Approximately 587 sq ft with 2 bedrooms, lounge, kitchen, bathroom & gas central heating currently let on an AST and producing £625 pcm (£7,500 per annum)


Property location

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Lextons Estate Agents