6 bed block of flats for sale

Flats 1-5, 48 Sackville Road, Bexhill-On-Sea, East Sussex TN39

For sale by auction on Thursday, 13 Mar 2025 at 2.30pm

Venue: Live Stream

Long Leasehold Arranged As 5 Flats In Bexhill Town Centre Estimated Income

Fully Let £31,000

An unusual opportunity, to acquire a long lease arranged as 5 flats, spanning over the first, second & third floors of this terraced property in Bexhill town centre. The entrance to the flats is via a private on street access, adjacent to the ground floor commercial unit.

*Please note - the Auctioneers have not been able to inspect Flats 4 & 5 internally - and therefore are unable to confirm the condition or layout of both flats*

Situation

The property is located on popular Sackville Road in Bexhill town centre, within walking distance of local shops, restaurants and amenities. Bexhill mainline train station (direct routes to London Bridge) and seafront are within easy reach.

Location Pin (What3Words): Motion.range.proven


B>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

Tenure

Leasehold - 125 years from 1st June 2007 - Approximately, 107 years remaining.

Ground Rent - first 25 years £500 pa increasing every 25 years in increments of £125.

Flats 1 to 5 - Council Tax - Band A

Flats 1 to 5 Rating

Flat 1 - E

Flat 2 - D

Flat 3 - D

Flat 4 - D

Flat 5 - E

Lot Type
Residential Investments

Accommodation
Flat 1 - 20 sq.m. - studio flat

Flat 2 - 41 sq.m. - 2 bed flat

Flat 3 - 20 sq.m - studio flat

Flat 4 - 37 sq.m. - not inspected

Flat 5 - 34 sq.m. - not inspected

Tenancies

Flat 1 - Assured Shorthold Tenancy Agreement - 21st Sept 2020 to 20th Sept 2021 at a rent of £465 pcm

Flat 2 - Assured Shorthold Tenancy Agreement - 6th Oct 2023 to 5th Oct 2024 at a rent of £650 pcm

Flat 3 - 10 year lease from the 3rd December 2020, at a rent of £4,800 per annum.

Flat 4 - Assured Shorthold Tenancy Agreement - 12th Nov 2018 to 11th May 2019 at a rent of £525 pcm

Flat 5 - Vacant

*A copy of the tenancy agreements for flats 1,2 & 4 will be uploaded to the legal pack.

**All tenants are holding over.

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.