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    Key features

    • To be offered on Wednesday 26 February
    • Virtual Leasehold Residential Investment
    • Central high street location
    • Arranged as a 2-bedroom flat above a shop in Hailsham
    • Benefits from planning permission for a 3 bedroom flat
    • Approximately 828 sq ft
    • Let on an AST
    • Investment let at £13,800 pa

    Description

    The property comprises a 828 sq ft, 2-bedroom flat on the first floor with a ground floor shop which forms part of a larger building not included in the sale.


    The flat recently got refurbished last in 2024.


    Access to the flat is to the rear of the building.

    Additional information

    Tenure

    Long Leasehold. Held for a term of 999 years from 2022 (thus having approximately 997 years remaining) at a peppercorn ground rent.

    Accommodation

    Not internally inspected by Savills but believed to comprise of

    • 2 x bedroom, kitchen, living room, Bathroom/WC, Hallway
    • An appx. 828 sq ft (77 sqm)

    Tenancy

    Let on a periodic tenancy at a current rent of £13,800 per annum.

    Planning

    The property benefitted from planning consent for a conversion of first floor office/retail space to a 3 bedroom flat and erection of additional part second floor to create a 1 bedroom flat.

    Wealden District Council

    Planning Permission (ref: WD/2021/2639/F) on 18th January 2021. This has been implemented by the vendor.

    Rent

    £14,000 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property.


    The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.


    Please refer to the legal pack. 


    Additional charges and fees might be charged by the seller and/or other third parties.


    You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees

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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

      Hailsham is an affluent and attractive East Sussex Town approximately 8 miles north of Eastbourne and 21 miles east of Brighton.


      The property is located on the south side of George Street, in between its junctions with Station Road and Market Street

      Transport

      Road - Hailsham is directly reached by road as the A22 from London to Eastbourne passes through the parish where it intersects main roads from Kent and from West Sussex (A27), including the road through Haywards Heath and Horsham to Guildford, and links with roads from the M25 and Midlands.


      Rail - Polegate Station on the National Rail is situated 3.8 miles away, located on the Eastbourne to London train.

      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