Flat’s the way to do it as five Bexhill properties go up for auction
A substantial garden flat needing refurbishment in Bexhill-on-Sea is being offered for sale by auction in December.
Three-bedroom 8 Dorset Road South is among 163 lots listed across southern England in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Auctioneers.
Offered jointly with Burgess & Co, it is listed with a leasehold guide price of £180,000-plus and vacant possession at the firm’s auction which ends on Thursday 11 December.
Auction Appraiser Jade Flood said: “Although in need of some improvement, this property does retain many original features and has a dining room with garden access.
“Once enhanced, it would be ideal for owner occupation, investment or alternative configurations, subject to all necessary consents being obtainable.”
The property is situated close to Bexhill town centre, the seafront, mainline railway station and De La Warr Pavilion.
Tenure is the remainder of a 999-year lease from 1978, at a current ground rental of £10 per annum.
Watch the video: https://www.cliveemson.co.uk/properties/262/136/
Part of a former chapel and three self-contained flats in Bexhill are coming up for auction as an investment.
The vacant first floor of The Chapel in Nazareth House on Chapel Walk in the town comes with a ground rents investment generating £1,850 per annum.
Offered jointly with Oakley, it is listed with a freehold guide price of £95,000 to £100,000.
Senior Auction Appraiser and Auctioneer Richard Payne said: “The annual ground rent investment is generated from eight self-contained flats sold off on long leases.
“The vacant first floor former chapel retains many original features and is considered suitable for a variety of uses, subject to all necessary consents being obtainable and has on-site parking facilities.”
The property is situated on the corner of Wrestwood Road and Chapel Walk and forms part of an established residential development with excellent access to the main A259.
The 1890s chapel was converted to flats approximately 20 years ago and has a lift to all floors of the building occupying a prominent elevated location.
Also in Bexhill, a two-bedroom garden flat requiring repair and refurbishment at 37B Cantelupe Road, is leasehold guided £75,000 to £80,000 with vacant possession.
The centrally located self-contained flat is in the heart of Bexhill, within easy reach of shops, schools, and the railway station.
Jade added: “The property offers spacious accommodation and a private garden to the rear as well as a garden to the front but is in need of repair and refurbishment.
“Once works have been carried out we consider it would be ideal for owner occupation or investment.”
Tenure is the remainder of a 999-year lease from 1963 with a ground rental of £5 per annum.
A ground floor office with sea views at 49 Marina, Bexhill is leasehold guided £75,000 to £80,000 as an investment.
The property, with a total floor area of 72 sq m, has been occupied by a local firm of estate agents for many years and is currently let at £7,500 per annum with the tenant holding over.
Director and Senior Auction Appraiser Sam Kinloch said: “This is a fantastic opportunity to acquire a ground floor commercial investment conveniently located within Bexhill town centre and offering unspoiled sea views.
A spacious ground floor flat needing repair and refurbishment at 18C Cantelupe Road, Bexhill is listed with a leasehold guide price of £75,000-plus.
Senior Auction Appraiser Chris Milne said: “This flat located at the heart of Bexhill town centre is within easy reach of various local and national retailers, schools and the railway station.
“The property is in need of some repair and refurbishment throughout, however, once enhanced it would be ideal for owner occupation or investment.”
Tenure is the remainder of a 994-year lease from 1964 with a share of the freehold.
Watch the video: https://www.cliveemson.co.uk/properties/262/99/
Clive Emson Auctioneers holds auctions eight times a year offering specialist advice for auction purposes with offices in Essex, Kent, Sussex, Hampshire and the West Country, selling with skill, speed and efficiency.
Bidding for the current auction, the eighth and final one this year, goes live on Tuesday 9 December and concludes on Thursday 11 December.
See https://www.cliveemson.co.uk/ for more details.