AUCTION - Barnett Ross

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LOT 31 Red Lion House Magham Down, Hailsham East Sussex BN27 1PN Reserve Below £300,000 BY ORDER OF FIXED CHARGE RECEIVERS Photograph taken September 2009 6 WEEK COMPLETION © CROWN COPYRIGHT. All rights reserved. LICENCE NUMBER 100040809 – Plan not to scale SITUATION Occupying a prominent main road position on the busy A271 thoroughfare within the pretty Hamlet of Magham Down, some 2 miles from Hailsham. Hailsham is located 8 miles north of Eastbourne and 23 miles east of Brighton, with good transport links via the A22 and the nearby trains from Polegate to London (Victoria) with a journey time of 1 hour 22 minutes. PROPERTY A 0.53 acre site comprising a detached former Public House which has been converted to an Office Building arranged on ground and first floors. The property has a Site Frontage of 185 ft and benefits from gas central heating throughout and Parking for aprox 17 cars. There is also a large side and rear lawned garden. There may be future development potential subject to obtaining the necessary consents – See Note 2. VAT is payable in respect of this Lot FREEHOLD Note 1: Demelza are a registered charity set up to provide Hospice Care for Children. The charity own 2 modern Hospice facilities and operate 13 shops. The premises at Magham Down are fully utilised as an office base for their large team of Community Nurses. Note 2: There is a restrictive covenant in the title restricting the property’s use to that of a Public House, Restaurant or Offices. TENANCIES & ACCOMMODATION Property Accommodation Lessee & Trade Term Ann. Excl. Rental Remarks 44 Part Ground & First Floor Offices Part Ground Floor Offices Part Ground Floor Offices Area Approx 825 sq.ft WC First Floor Offices Area Approx 1,020 sq.ft WC Part Ground Floor Office Suite Area Approx 905 sq.ft 2 WC’s TOTAL OFFICE AREA APPROX 2,750 sq.ft The Surveyors dealing with this property are JONATHAN ROSS and STEVEN GROSSMAN Demelza House Childrens Hospice – See Note 1 (Offices) M-Tech Systems Ltd with Surety (I.T. Consultants) 5 years from 30th October 2007 5 years from 14th March 2008 £26,000 £12,500 TOTAL £38,500 FRI by way of service charge (subject to a schedule of condition) FRI by way of service charge VENDOR’S SOLICITORS Eversheds LLP, One Wood Street, London EC2V 7WS Tel: 0845 497 3851. Ref: Ms Helen Rowley FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration fee of £250 (including VAT) upon exchange of contracts
Photograph taken September 2009 LOT 32 32 Woodfield Street, Morriston Swansea, West Glamorgan SA6 8AB 6 WEEK COMPLETION Reserve Below £235,000 SITUATION Located in the best position on this busy retail thoroughfare adjacent to Boots and amongst a host of multiple traders such as Greggs, New Look, Peacocks, Iceland (ex–Woolworths), HSBC, Halifax, Specsavers, Lloyds TSB and Wilkinsons. Morriston is a popular suburb located 4 miles north of Swansea city centre and 1 mile south of the M4 (Junction 45). PROPERTY A mid terrace property comprising a Ground Floor Shop with Lower Ground Storage benefiting from a rear service yard for unloading at Lower Ground level from Glantawe Street. ACCOMMODATION Ground Floor Shop Gross Frontage Net Frontage Shop Depth Sales Area Lower Ground Floor Storage Area WC 22'1" 21'4" 48'8" Approx 980 sq ft Approx 320 sq.ft VAT is NOT payable in respect of this Lot FREEHOLD © CROWN COPYRIGHT. All rights reserved. LICENCE NUMBER 100040809 – Plan not to scale TENANCY The entire property is let on a full repairing and insuring lease to Barnardo’s (having 340 branches) for a term of 25 years from 24th June 1989 at a current rent of £21,900 per annum exclusive. Rent Review June 2009 (Outstanding – not yet operated by Landlord) £21,900 per annum The Surveyors dealing with this property are JOHN BARNETT and JONATHAN ROSS VENDOR’S SOLICITORS Janet Auckland Solicitor, Queensgate House, 48 Queen Street, Exeter, Devon EX4 3SR Tel: 01392 210 152. Ref: Ms Janet Auckland FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE The successful Buyer will be liable to pay the Auctioneers an administration fee of £250 (including VAT) upon exchange of contracts 45
Page 1 and 2: AUCTION MONDAY 19TH OCTOBER 2009 At
Page 3 and 4: Proof of Identity The purchaser and
Page 5 and 6: LOT 29 180/182 Shields Road, Byker
Page 7 and 8: Are you in need of a Property Valua
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Page 12 and 13: Need Immediate Cover? ✼ Buildings
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Page 74 and 75: Brook Point, 1412 High Road, Whetst
Page 76: Wyndham Street Upper Montague Stree

AUCTION - Barnett Ross

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