Overview
The Premises comprise a pair of 4 storey buildings with shops and separate self-contained flats above let on Assured Shorthold Tenancies. The scheme is fully let and income producing. The shops are held on Law Society leases with repair liabilities. The flats are accessed direct from Kings Road with communal hallway and stairs leading to flats above.
Location
Multi-Let Residential/Commercial Investment – Fully Income Producing - Reflects a Blended Yield of 7.29% after Purchaser Costs at 5.75%
The premises are situated in the much improved and sought after Kings Road within a few yards of the St Warrior main line train station and the seafront 300 yards to the south. St Leonards is on the eastern side of Hastings and has become a trendy location for Londoners, artists etc.
Amenities
Fully Income Producing
Freehold Investment
Self Contained Flats with Street Access
Excellent Location
VAT Details
Legal
Each party is to be responsible for their own legal fees.
Terms
Offers are invited in the region of £590,000 for the freehold interest, with the benefit of the income as detailed. This reflects a blended yield of 7.29% after purchaser costs at 5.75%.
Viewings strictly by appointment.
Get in touch
Speak to our commercial property team
Eastbourne: 01323 700100
Hastings: 01424 404004
Hove: 01273 634000
Other Services
Some of our other areas of commercial property expertise