Mixed Freehold Residential And Commercial Investment

A freehold block of terraced properties, situated in the heart of St Leonards-on-Sea, within a short distance of local shops, cafes, amenities and St Leonards Warrior Square railway station providing services to London and Hastings. The seafront and local leisure facilities are also nearby.

The property comprises three ground-floor commercial units, currently occupied as a dog groomers, a retail shop, and a coffee shop/takeaway, with three flats above which are all let with tenants in situ. Currently the income is £51,100 per annum, however, from 1st July this will increase to £54,300 per annum.

Commercial

55 Kings Road - Currently occupied as a dog groomers

Ground Floor

Retail space, kitchenette and W.C.

First Floor

Laundry Room.

Top Floor

Washroom and access into top storage room

Tenancy

Let under the terms of a seven-year commercial lease from 1st July 2025 at a current rental of £6,500 per annum.

EPC Rating

B (28). Total Floor Area 106 sq.m.

56 Kings Road - Currently occupied as a retail shop

First Floor

Retail shop floor, storeroom with kitchenette and W.C.

External

Outside space with access from the storeroom.

Tenancy

Let under the terms of a three-year commercial lease from 29th November 2022 at a current rental of £8,000 per annum.

EPC Rating

To be confirmed.

57 Kings Road - Currently occupied as a Coffee Shop/Takeaway

Accommodation

Shop floor arranged as a coffee shop/takeaway.

External

Storage space with W.C and sink, located within the communal hallway of Flats 1 & 2, 56 Kings Road.

Tenancy

Let under the terms of a seven-year commercial lease from 14th May 2024 at a current rental of £6,600 per annum with a rent review on the third year.

EPC Rating

D (87). Total Floor Area 17 sq.m.

Residential

55A Kings Road

Ground Floor

Hallway.

First Floor

Kitchen with access to outside space and W.C.

Second Floor

Two bedrooms, living room and bathroom with shower and basin.

External

Outside space with entry from the first-floor kitchen.

Tenancy

Let under the terms of an initial six month Assured Shorthold Tenancy Agreement from 25th January 2024 at a current rental of £750 per calendar month.

EPC Rating E

Council Tax Band A

56 Kings Road - Flat 1

Ground Floor

Communal hallway.

First Floor

Hallway, three bedrooms, bathroom, living room and kitchen.

Tenancy

Let under the terms of an initial six month Assured Shorthold Tenancy Agreement from 27th August 2021 at a current rental of £800 per calendar month.

EPC Rating E

Council Tax Band A

56 Kings Road - Flat 2

Ground Floor & First Floor

Communal hallway.

Second Floor

Bathroom.

Top Floor

Bedroom, living room and kitchen.

Tenancy

Let under the terms of an initial six month Assured Shorthold Tenancy Agreement from 7th November 2025 at a current rental of £850 per calendar month.

EPC Rating E

Council Tax Band A

Auctioneer's Note

From 1st May 2026 the tenancies referred to above will become rolling tenancies and referred to as Assured Periodic Tenancies.

Auctioneer's Note 2

Please note the photos of the Shop 56 Kings Road were taken last year and are not up to date.