20 September 2023: Wednesday 20 September 2023 - 9:00am
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    Key features

    • Of interest to investors and developers.
    • Substantial and prominent office building
    • Approximately 2,026 sq m (21,818 sq ft).
    • Planning permission granted for conversion to 89 self-contained studio flats.
    • Centrally located
    • Opposite the station and East Sussex College.
    • Vacant
    • By order of the LPA Receivers

    Additional information

    Tenure

    Freehold

    Accommodation

    Offices arranged over ground to seventh floors plus basement / stores.

    Approximate area 2,026 sq m (21,818 sq ft).

    Planning

    Planning permission has been granted under prior approval for the change of use from office space to 89 studio flats, with 89 cycle spaces and use of basement as refuse area. Copies of the plans and planning permission are available via the councils website Planning Link


    Notes

    The sellers cannot warrant the VAT position because HMRC are yet to respond to their enquiries however they have been advised by the Borrower that the property is not elected for VAT. Interested parties should rely on their own enquiries. 

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      A prominent corner building at the junctions of Cornwallis Terrace and Priory Street

      Opposite Hastings Station and East Sussex College

      Centrally located approximately .0.2 miles from the main shopping area

      The sea front is within walking distance and provides many recreation and leisure amenities


      Transport

      Hastings Station - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums