Semi-detached house for sale in St. Helens Park Road, Hastings TN34

For sale by auction on Thursday, 07 Mar 2024 at 2.30pm

Venue: Live Stream

Unbroken Freehold Arranged As 3 Flats Currently Let At £30,000pa But 2 Tenants Have Recently Been Given Notice To Quit -Potential To Reconvert To A Single Dwelling House.

Freehold semi-detached four storey Victorian property located adjacent to Alexandra Park. The property is arranged as 3 self-contained flats - all are currently let producing an income of approximately £30,000* pa. To the front of the building is a driveway providing off road parking and to the rear is a communal garden.

We have been made aware the property has some structural issues - further details are set out in the legal pack.

Situation

St Helens Park Road, is situated within the 'Blacklands' Conservation Area of Hastings, adjacent to Alexandra Park and within close proximity of Hastings town centre with it's array of shops, cafes and restaurants. Hastings mainline railway station is just over one mile from the property.

Location Pin (What3Words): Herbs.origin.orders

<nb we draw your attention to the special conditions in the legal pack, referring to other charges in addition to the purchase price. Please ensure you read the special conditions thoroughly

Rent

Flat (6a) - £650pcm

Gff - £850pcm

Ground & First Floor Maisonette - £1,000pcm

Leases

There are three long leasehold interests registered against the Freehold title. For the avoidance of doubt the sale includes the Freehold and the three long leaseholds.

Tenancies

We have been informed by the owner, that the 3 flats within the property are let on an Assured Shorthold Agreements producing approximately £30,000pa*. We have not had sight of the AST agreements but understand a copy is to be uploaded to the legal pack.

Lot Type
Residential Investments

Accommodation
garden flat (6a)

Bedroom -

Bathroom -

Lounge/Kitchen -

1 Allocated Parking Space

Total Floor Area - 50 sq.m.

Ground floor flat

Lounge/Kitchen

Bedroom (1)

Bedroom (2)

Bathroom

Total Floor Area - 61 sq.m.

First and second floor maisonette

Kitchen

Lounge

Shower Room

Bedroom (1)

Bathroom

Bedroom (2)

Bedroom (3)

Ensuite Shower Room

Loft Space/Storage Cupboard

Total Floor Area - 121 sq.m.

EPC Rating

Lower Ground Floor Flat - E

Ground Floor Flat - D

First and Second Floor Maisonette - D

Council Tax

Garden Flat - A

Ground Floor Flat - A

Ground and First Floor Maisonette - B

Additional Fees
Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.