Studio for sale in Claremont, Hastings TN34

Sold by Lextons Auctions

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)