Property for sale in The Queens Apartments, Robertson Terrace, Hastings, East Sussex TN34

Situated in an unrivalled position on Hastings seafront offering extensive views along the coast, this property is within easy reach of the town centre with its various local and national retailers, the mainline railway station and various schools and amenities.

The property is arranged as eight commercial units and 44 residential flats which have all been sold on long leases.

Unit 1A
Let on a Tenancy at Will from 6th December 2021 at a current rental of £15,000 per annum.

Unit 1B
Let on a six-year lease from 19th April 2023 at a current rental of £9,000 per annum.

Unit 1C
Let on a Tenancy at Will from 2nd November 2021 at a current rental of £23,000 per annum.

Unit 1D
Let on a three-year lease from 4th August 2015 at a current rental of £6,500 per annum.

Unit 2
Let on a one-year lease from 1st May 2024 at a current rental of £35,000 per annum.

Units 3 & 3A
Let on a one-year lease from 1st May 2024 at a current rental of £15,000 per annum.

Unit 4
Let on a 25-year lease from 12th September 2005 at a current rental of £20,000 per annum.

Unit 5 (3 Harold Place)
Let on a 150-year lease from 1st January 2003 at a current rental of £750 per annum.

Electricity Sub-Station
Let on a 125-year lease from 13th April 2004 at a current rental of £1.00 per annum.

44 Flats
Tenure
Each residential flat has been sold on a 150-year lease from 1st January 2003 at a current ground rental of £250 per annum, doubling every 25 years.

Auctioneer's Note 1
At the time of publication the Auctioneers have been unable to internally inspect the property.

Auctioneer's Note 2
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.

Commercial EPC: E

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to