0 Bedrooms Detached house for sale in Ground Rents, Falcon House, 96 South Coast Road, Peacehaven, East Sussex BN10 | £ 15,000
Overview
| Price: | £ 15,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Detached house |
| County: | East Sussex |
| Town: | Peacehaven |
| Postcode: | BN10 |
| Address: | Ground Rents, Falcon House, 96 South Coast Road, Peacehaven, East Sussex BN10 |
| Bathrooms: | 0 |
| Bedrooms: | 0 |
Property Description
A substantial detached three storey block situated on the A259 Coast Road arranged as five self-contained flats and a ground floor commercial unit.
The ground floor commercial unit has been sold on a 999 year lease from 3rd November 2015 at a current ground rental of £400 per annum.
Flats 1 and 5 are each sold on 125 year leases from 13th June 2016 at a current ground rental of £200 per annum increasing by £100 every 25 years until the expiry of the term. Flat 2 is sold on a 99 year lease from 24th June 1990 with a ground of £100 per annum, doubling every 33 years until the expiry of the term.
Flat 3 is sold on a 99 year lease from 25th December 2002 at a current ground rental of £25 per annum increasing by £25 every 33 years until the expiry of the term. Flat 4 is sold on a 125 year lease from 13th June 2016 at a current ground rental of £200 per annum increasing by £100 every 25 years until the expiry of the lease.
Auctioneer's Note
Section 5(b) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have reserved their rights under the legislation.
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
Property Location
Property Marketed by Clive Emson Auctioneers
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