An empty home and a large building in a town centre are among the lots in Sussex up for sale at auction next month.
A building in Langney Road, Eastbourne, which houses a skateboard shop and a barber shop will be auctioned by Clive Emson Auctioneers in June with a guide price of £550,000 to £570,000.
It has two commercial units on the ground floor and offices on the first floor, with planning consent for these to be turned into homes.
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Senior auction appraiser and auctioneer Richard Payne said: "A substantial portion of this detached contemporary property is arranged over three floors.
"There are two commercial units on the ground floor, one trading as a barbers and the other as a skateboard shop yielding an annual income of £8,000 and £15,000 respectively.
"The upper parts, with planning consent to convert offices into five two-bedroom flats and one one-bedroom flat, lie within a busy Eastbourne thoroughfare, close to the seafront with excellent road links."
Another mixed commercial and residential property up for auction that needs improvement is in Susans Road, Eastbourne, with a guide price of £140,000 to £150,000.
The property has a ground-floor commercial unit with a current ground rental of £100 per annum. The other is vacant.
One of the first-floor flats is sold on a 99-year lease from December 1987 at a current ground rental of £30 per annum. The other is vacant.
Jade Flood, auction appraiser, said: “The property, on the one-way system which leads around the town centre near the Beacon and attracts regular passing trade, is a short distance from Eastbourne Beacon Shopping Centre with its local shopping facilities and amenities, with more comprehensive facilities available nearby. There are excellent road links to Brighton and London via the nearby A27.”
More information can be found at https://www.cliveemson.co.uk/.
The auction will also see a mixed-use property called Dems House and Havant House in Mill Lane, Storrington, up for grabs.
The property will have a guide price of £580,000 to £600,000 and is currently let at £38,500 per annum, with an estimated rental for the whole property of £59,400 per annum.
Richard Payne, senior auction appraiser and auctioneer, said: “This lot is two detached contemporary-style properties of part-tile hung/part cement rendered elevations beneath a flat roof.
“Havant House is arranged over three floors as four self-contained flats, all sold on long leases, with two commercial units on the ground floor producing £20,000 per annum in total.
“Dems House is arranged over two floors as four self-contained commercial units, with the two ground floor units producing £18,000 per annum in total with the two first floor units vacant but being marketed at present with a combined potential rental of £20,900 per annum.
“It is also considered that there is the potential for rental growth on the existing shops. The units are approached via a shared driveway and there are 10 parking spaces shared between the commercial and residential elements.”
An empty home that needs to be repaired in Saville Gardens, Billingshurst, is also up for auction.
The three-bed home has a guide price of £150,000 to £160,000.
The bidding for the auction will begin on June 10 and end on June 12.
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