Property Auctions 14/Feb/2019 | 20 Queens Road, Hastings, East Sussex, TN34 1QY

Freehold Retail Investment with future development potential (1)

Let to TUI UK Retail Limited
New 5 year lease (2)
Prominent town centre location in popular coastal town
Future development potential (1)
Nearby occupiers include WHSmith, Pizza Express, Vodafone, Greggs and Marks & Spencer
VAT-free investment

Lot 32
Auction 14th February 2019
Rent £27,700 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Trustees

Property Information

Location

Miles: 28 miles south-east of Royal Tunbridge Wells, 51 miles south-west of Dover, 70 miles south-east of central London
Roads: A259, A21, A27
Rail: Hastings Train Station
Air: London Gatwick Airport

Situation

Hastings is a historic town and popular holiday destination in East Sussex. The town is situated directly outside the High Weald Area of Natural Beauty some 28 miles southeast of Royal Tunbridge Wells, 51 miles south-west of Dover and 70 miles south-west of Central London. The property occupies a prominent position on the east side of the busy Queens Road (A2101), next to a number of bus stops and directly opposite the Priory Meadow Shopping Centre, which includes occupiers such as WHSmith, Pizza Express, Vodafone, JD Sports, EE, O2, Marks & Spencer and Superdrug. Other occupiers nearby include Greggs, Betfred, ODEON, Specsavers and Holland & Barrett.

Tenure

Freehold.

Location

Miles: 28 miles south-east of Royal Tunbridge Wells, 51 miles south-west of Dover, 70 miles south-east of central London
Roads: A259, A21, A27
Rail: Hastings Train Station
Air: London Gatwick Airport

Situation

Hastings is a historic town and popular holiday destination in East Sussex. The town is situated directly outside the High Weald Area of Natural Beauty some 28 miles southeast of Royal Tunbridge Wells, 51 miles south-west of Dover and 70 miles south-west of Central London. The property occupies a prominent position on the east side of the busy Queens Road (A2101), next to a number of bus stops and directly opposite the Priory Meadow Shopping Centre, which includes occupiers such as WHSmith, Pizza Express, Vodafone, JD Sports, EE, O2, Marks & Spencer and Superdrug. Other occupiers nearby include Greggs, Betfred, ODEON, Specsavers and Holland & Barrett.

Tenure

Freehold.

Description

The property comprises a ground floor shop with first floor ancillary accommodation. The second and third floors comprise three rooms, a kitchen and a bathroom and, along with the basement, is not currently used. The rear of the property is accessed via Russell Street.

VAT

VAT is not applicable to this lot.

Planning

(1) The upper floors of the property may benefit from conversion to a 3 bed and 1 bed flat, subject to the current occupation and all the necessary consents/permissions. Interested parties are referred to Hastings Borough Council (www.hastings.gov.uk).

EPC

Band E. See legal pack at acuitus.co.uk