Freehold Ground Rent Investment
63-65 Cooden Sea Road, Bexhill-on-Sea, East Sussex TN39
£30,000
11 September 2025
GUIDE PRICE
AUCTION DATE
A planning application was made on the 28th February 2022 for the proposed construction of an upward extension, utilising the airspace above an existing residential and commercial premises - in order to provide a single dwelling (Class C3). Planning permission was granted 9th December 2022 Planning No. APP/U1430/W/22/3300762 FULL PLANNING DRAWINGS IN LEGAL PACK PLEASE NOTE the pictures shown on this catalogue page are CGI images of the building and show the proposed roof top development Situation The property is situated in Little Common Village to the south of the A259. Local shops and amenities are nearby including a Tesco Express and doctors surgery. Collington mainline railway station is just over a mile away (Eastbourne 21 minutes) Lease Terms All 5 leases have a term of 125 year lease from and including 29th September 2019 at initial ground rent of £249 pa Ground Rent Review All flat leases have their ground rent reviewed every 10 years based on increase in Retail Price Index (RPI) Notices Section 5B Notices Landlord & Tenant Act 1987 ( as amended ) have been served. Copy in legal pack. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Freehold Rooftop Development Opportunity We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
63 Cooden Sea Rd, Little Common, TN39
Guide Price
£30,000
Auction Date
11 Sep 2025
Time
14:30
Lot
9
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.