3, 4 and 5 Clinton Place Seaford East Sussex BN25 1NL

  • 3, 4 and 5 Clinton Place<br>Seaford<br>East Sussex<br>BN25 1NL

3, 4 and 5 Clinton Place
Seaford
East Sussex
BN25 1NL

Freehold Retail Opportunity and Residential Ground Rent Investment

  • Substantial commercial unit of approx. 322.93 sq m (3,475 sq ft)
  • Commercial unit subject to mutual rolling breaks options
  • Of interest to owner occupiers and investors
  • Upper floors comprise 3 flats (sold off on long leases)
  • Busy location opposite Seaford Railway Station
  • Occupational Lease Outside the Security of Tenure Provisions of the Landlord and Tenant Act
  • VAT Free Investment
  • Lot
    33
  • Auction
    9th May 2024
  • Status
    Sold
  • Price
    £120,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Freehold Retail Opportunity and Residential Ground Rent Investment

  • Substantial commercial unit of approx. 322.93 sq m (3,475 sq ft)
  • Commercial unit subject to mutual rolling breaks options
  • Of interest to owner occupiers and investors
  • Upper floors comprise 3 flats (sold off on long leases)
  • Busy location opposite Seaford Railway Station
  • Occupational Lease Outside the Security of Tenure Provisions of the Landlord and Tenant Act
  • VAT Free Investment
  • Lot 33
  • Auction 9th May 2024
  • Status Sold
  • Price £120,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
8 miles south of Lewes, 9 miles west of Eastbourne, 11 miles east of Brighton
Roads
A26, A27
Rail
Seaford Railway Station
Air
London Gatwick Airport
Situation

Seaford is a popular tourist destination on the East Sussex coast, with a resident population of approximately 20,000 and located 9 miles west of Eastbourne and 11 miles east of Brighton. The town is served by the A239 coast road and benefits from regular rail services to Brighton, Gatwick and London (Victoria).

The property is prominently located in the town centre opposite Seaford Railway Station and on the south side of Clinton Place in a busy retailing location.

Tenure

Freehold.

Location
Miles
8 miles south of Lewes, 9 miles west of Eastbourne, 11 miles east of Brighton
Roads
A26, A27
Rail
Seaford Railway Station
Air
London Gatwick Airport
Situation

Seaford is a popular tourist destination on the East Sussex coast, with a resident population of approximately 20,000 and located 9 miles west of Eastbourne and 11 miles east of Brighton. The town is served by the A239 coast road and benefits from regular rail services to Brighton, Gatwick and London (Victoria).

The property is prominently located in the town centre opposite Seaford Railway Station and on the south side of Clinton Place in a busy retailing location.

Tenure

Freehold.

Description

The property currently comprises a large ground floor shop with basement ancillary accommodation although may be capable of further subdivision. The upper two floors comprise 3 residential flats which have been sold off on long leases.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property currently comprises a large ground floor shop with basement ancillary accommodation although may be capable of further subdivision. The upper two floors comprise 3 residential flats which have been sold off on long leases.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x.
Ground
Basement
Retail/Office
Ancillary
216.34
106.59
(2,328)
(1,147)
SEAFORD ENVIRONMENTAL ALLIANCE
(1)
A term of years from 13/10/2021 until 04/12/2026
(2) (3)
Peppercorn
First
Second
Flat 4a
Flat 4b
Flat 4c
-
-
INDIVIDUALS Let on 3 separate leases for a term of 125 years from 2003
£300
Total Approximate Commercial Floor Area  
322.93
(3,475)
(4)
     

(1) Seaford Environmental Alliance is a registered charity under number 1193511 and was set up by local residents to support community led climate action (www.seafuture.org).
(2) The lease provides for a rolling mutual option to determine upon serving one month's written notice.
(3) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.
(4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    07.06.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Birketts LLP Providence House 141-145 Princes Street
Ipswich
IP1 1QJ
Tiah Coles 01473 406208Tiah-Coles@birketts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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