Acquired
Hastings – Vacant Shop & Ground Rent
6 Claremont, Hastings, East Sussex TN34 1HAFreehold Retail & Residential Ground Rent Investment
Investment Consideration
- Comprises retail premises at ground floor and basement with 4 flats above which have been sold-off
- Property benefits from seafront location, within 8 min walk from Hastings Train Station, with retail occupiers nearby including hair salon, café, takeaways and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor shop with ancillary at basement and four self-contained flats above (sold-off), providing the following accommodation and dimensions:
Ground Floor: Open plan retail, Storage, Office
Basement: 5 Rooms, 2 WCs
First-Fourth Floors: 4 Flats (sold-off)
Retail area size 120 sq m (1,292 sq ft)
Ground Floor: Open plan retail, Storage, Office
Basement: 5 Rooms, 2 WCs
First-Fourth Floors: 4 Flats (sold-off)
Retail area size 120 sq m (1,292 sq ft)
Tenancy Description
The retail shop is at present vacant. ERV: £12,000 p.a.
Flat 1 has been sold-off for a term of 99 Years from 12th December 2017 at a ground rent of £250 p.a.
Flat 2 has been sold-off for a term of 99 Years from 29th October 2018 at a ground rent of £250 p.a.
Flat 3 has been sold-off for a term of 99 Years from 11th October 2018 at a ground rent of £250 p.a.
Flat 4 has been sold-off for a term of 99 Years from 27th July 2017 at a ground rent of £250 p.a.
Flat 1 has been sold-off for a term of 99 Years from 12th December 2017 at a ground rent of £250 p.a.
Flat 2 has been sold-off for a term of 99 Years from 29th October 2018 at a ground rent of £250 p.a.
Flat 3 has been sold-off for a term of 99 Years from 11th October 2018 at a ground rent of £250 p.a.
Flat 4 has been sold-off for a term of 99 Years from 27th July 2017 at a ground rent of £250 p.a.
Tenancies & Accommodation
Location Description
Hastings is a seaside town and borough in East Sussex on the south coast of England, 24 mi (39 km) east of Lewes and 53 mi (85 km) south-east of London. The property benefits from seafront location, within 8 min walk from Hastings Train Station and occupiers nearby including hair salon, café, takeaways and more.
