Units 3, 4, 5, 6, 6A and 6B Burnside Mews, London Road, BEXHILL-ON-SEA, East Sussex, TN39 3LE
26th June 2023
starts 09:15 AM at Grand Connaught Rooms
starts 09:15 AM at Grand Connaught Rooms
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sold for
£350,000
Tenure: Freehold
!
The negotiator dealing with this Lot is Chris Glenn and he can be contacted by email: chris.glenn@sequencehome.co.uk
Six Freehold Workshops/Commercial Buildings
Development Potential
Currently Let at £60,771 per Annum (see note)
Location:
This collection of commercial units is situated within Burnside Mews which leads off London Road which leads directly to Western Parade and coast. Home to a range of shops, restaurants and other outlets traders in this location benefit from not only a densely populated immediate catchment but also a volume of passing pedestrian trade and vehicular traffic. There are good transport links which include the A259 to the north whilst public transport services include local bus routes and located less than 0.5 mile to the north east
Description:
The units comprise a mix of single and two storey commercial buildings providing a range of use from car workshops, storage and other commercial uses with a built area totalling some 7,029 sq..ft.
Potential:
This lot is to be offered on an unconditional basis and subject to the tenancies shown in these particulars of sale. Clearly the entire site offers huge potential to redevelop and improve these buildings. Buyers may
wish to also consider alternative development opportunities and given the footprint of the existing buildings there may be potential for a mews style residential development. Buyers are deemed to have carried out their own due diligence and planning enquiries in respect to their intended use/development prospects.
Total Current Rents Reserved
£60,771.96 per annum
VAT:
VAT is not applicable to this lot
Accommodation/Tenancy:
Unit 3 – Tenant: Mr Algimantas Lazauskas, Mr Florian Badan
Length of Tenancy: 2 year lease started 7/2/23
Breakclause: None
Rent p.a.: £10,750 (1st year, rising in 2nd year)
Notes: £895pcm – 3 months security and 3 months rent paid in advance
RENT DUE 7TH OF EACH MONTH
Unit 4 – Tenant: Charle Dunton & Lewis Higginson-White, L&C Automotive (Sussex) Ltd
Length of Tenancy: 3 year lease started 24/2/23
Breakclause: Break at 12 months
Rent p.a.: £16,752
Notes: £1,396pcm – 3 months security and 3 months rent paid in advance
RENT DUE 24TH OF EACH MONTH
Unit 5 – Tenant: Mr Gareth Scantlebury t/a Scants Motor Services
Length of Tenancy: Rolling (was original tenant from previous landlord who agreed to pay the higher rent)
Breakclause: Rolling
Rent p.a.: £9,500
Notes: £1,458.33 rent
RENT DUE 19th OF EACH MONTH
Unit 6A (Left hand side lock up garage) – Tenant: Mr Chris Storrs, S and C Interiors Ltd
Length of Tenancy: 2 year lease started 24/2/23
Breakclause: None
Rent p.a.: £3,900
Notes: £325pcm – 3 months security and 3 months paid in advance
RENT DUE 24TH OF EACH MONTH
Unit 6 (Office above 2 lock up garages) – Tenant: BPL Care Homes Ltd
Length of Tenancy: 3 year lease started 3/2/23
Breakclause: Break at 12 months
Rent p.a.: £7,140
Notes: £595pcm
RENT DUE 3RD OF EACH MONTH
Unit 6B (Right hand side lock up garage) – Tenant: Brian Campkin, Property Services Ltd
Length of Tenancy: 5 year lease started 27/2/23
Rent p.a.: £4,740
Notes: £395pcm – 3 months security and 3 months rent paid in advance
RENT DUE 27TH OF EACH MONTH
Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
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.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
Development Potential
Currently Let at £60,771 per Annum (see note)
Location:
This collection of commercial units is situated within Burnside Mews which leads off London Road which leads directly to Western Parade and coast. Home to a range of shops, restaurants and other outlets traders in this location benefit from not only a densely populated immediate catchment but also a volume of passing pedestrian trade and vehicular traffic. There are good transport links which include the A259 to the north whilst public transport services include local bus routes and located less than 0.5 mile to the north east
Description:
The units comprise a mix of single and two storey commercial buildings providing a range of use from car workshops, storage and other commercial uses with a built area totalling some 7,029 sq..ft.
Potential:
This lot is to be offered on an unconditional basis and subject to the tenancies shown in these particulars of sale. Clearly the entire site offers huge potential to redevelop and improve these buildings. Buyers may
wish to also consider alternative development opportunities and given the footprint of the existing buildings there may be potential for a mews style residential development. Buyers are deemed to have carried out their own due diligence and planning enquiries in respect to their intended use/development prospects.
Total Current Rents Reserved
£60,771.96 per annum
VAT:
VAT is not applicable to this lot
Accommodation/Tenancy:
Unit 3 – Tenant: Mr Algimantas Lazauskas, Mr Florian Badan
Length of Tenancy: 2 year lease started 7/2/23
Breakclause: None
Rent p.a.: £10,750 (1st year, rising in 2nd year)
Notes: £895pcm – 3 months security and 3 months rent paid in advance
RENT DUE 7TH OF EACH MONTH
Unit 4 – Tenant: Charle Dunton & Lewis Higginson-White, L&C Automotive (Sussex) Ltd
Length of Tenancy: 3 year lease started 24/2/23
Breakclause: Break at 12 months
Rent p.a.: £16,752
Notes: £1,396pcm – 3 months security and 3 months rent paid in advance
RENT DUE 24TH OF EACH MONTH
Unit 5 – Tenant: Mr Gareth Scantlebury t/a Scants Motor Services
Length of Tenancy: Rolling (was original tenant from previous landlord who agreed to pay the higher rent)
Breakclause: Rolling
Rent p.a.: £9,500
Notes: £1,458.33 rent
RENT DUE 19th OF EACH MONTH
Unit 6A (Left hand side lock up garage) – Tenant: Mr Chris Storrs, S and C Interiors Ltd
Length of Tenancy: 2 year lease started 24/2/23
Breakclause: None
Rent p.a.: £3,900
Notes: £325pcm – 3 months security and 3 months paid in advance
RENT DUE 24TH OF EACH MONTH
Unit 6 (Office above 2 lock up garages) – Tenant: BPL Care Homes Ltd
Length of Tenancy: 3 year lease started 3/2/23
Breakclause: Break at 12 months
Rent p.a.: £7,140
Notes: £595pcm
RENT DUE 3RD OF EACH MONTH
Unit 6B (Right hand side lock up garage) – Tenant: Brian Campkin, Property Services Ltd
Length of Tenancy: 5 year lease started 27/2/23
Rent p.a.: £4,740
Notes: £395pcm – 3 months security and 3 months rent paid in advance
RENT DUE 27TH OF EACH MONTH
Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
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.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
Council Tax Band: Please contact Auction centre
Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.
lot infomation last updated: 25th August 2023 at 10:02 AM
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