Lot 94 - Substantial Residential Investment Let To Statutory Tenant
Chapel Meadow, East Sussex, RH18 5LH
Guide Price: *
£500,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£590,000Bid history
46 bidsA
07/02/2024 14:41:58 - £590,000
I
07/02/2024 14:41:29 - £588,000
A
07/02/2024 14:37:18 - £586,000
See all 46 bids ▾
Guide Price* : £500,000 Plus
Currently let at £24,600 per annum
This is a rare opportunity to acquire a substantial detached property located in the High Weald Area of Outstanding Natural Beauty, on the northern edge of Ashdown Forest.
The property is arranged over three floors of part brick rendered and part tile hung elevations, beneath a tiled roof. The whole property is let to a Statutory Tenant at a Registered Rent of £26,400 per annum, with the original registration commencing from June 1973. We understand from the Seller’s agent the property has all main services and a gas heating system via radiators, with the accommodation offered in good order throughout.
The property is located in a sought after residential location on a private road, just off the A22. The village of Forest Row is easily accessible with its comprehensive range of local shopping facilities and amenities, with excellent road links via the nearby A22 and A23 linking Gatwick, London and all surrounding areas.
Lower Ground Floor
Stairs from ground floor hallway, kitchen/breakfast room, utility room, pantry, separate W.C., staff sitting room and kitchenette. Secondary staircase to lower first floor and staircase to first floor.
Ground Floor
Stairs to first floor, entrance hall, cloakroom/W.C., study, living room and drawing room.
Lower First Floor
Half landing, two bedrooms, bathroom, separate W.C. and boiler room.
First Floor
Landing, four double bedrooms, store room and family bathroom with W.C. Stairs to second floor.
Second Floor
Self-Contained Flat
Hallway, open plan living room and kitchen, bedroom and bathroom/W.C.
Outside
The gardens extend to 0.67 hectares (1.65 acres) and are mainly laid to lawn with shrub borders. Driveway with parking for several vehicles leading to a detached double garage with two garden stores.
Tenancy
Let on a Protected Statutory Tenancy at a registered rent of £6,600 per quarter, which was registered on 29th July 2022. We understand the tenants have been in occupation since the tenancy commenced on 12th June 1973.
We are informed that the tenant is significantly in arrears and further details will be available within the legal pack.
Auctioneer's Note
We have been unable to internally inspect the property and interested applicants are advised to rely on their own investigations to verify the information provided.
Viewing
There will be no internal viewings and prospective purchasers are requested not to contact the occupants direct.
Council Tax Band E
EPC Rating D
Joint Auctioneer
Graves Son & Pilcher, 51 Old Steine, BRIGHTON, BN1 1HU, 01273 321123
Summary
- Lot number
- 94
- Auction end
- 7th Feb at 14:46
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 5+
- Bathrooms
- 2
- Council tax band
- Ask Agent
Summary
- Lot number
- 94
- Auction end
- 7th Feb at 14:46
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 5+
- Bathrooms
- 2
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Sussex & Surrey
01273 504232
83 Bates Road, Brighton, East Sussex, BN1 6PF
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
