• RICS
  •      

      • 54 Grove Road, Eastbourne, East Sussex | For Sale

        £145,000.00 
        Click image to enlarge
        Details

        Description

        The premises comprise of a shop unit along with a basement. The accommodation comprises as follows:
        There is a door leading to step into the retail area which measure approximately 504 sq ft. In addition, there is also a good size basement measuring approximately 488 sq ft (41.61 sq m).
        The property has a garden with separate access.
        There is also the possibility of a flat conversion in the basement as it has natural light. This has been achieved by similar properties in the immediate area. (This is subject to receiving the necessary planning consent).


        Location

        The premises are situated in the established retail area of Grove Road known locally as Little Chelsea where there are a number of niche retailers. Grove Road is within a short level walk of the mainline railway station servicing London, Brighton and Hastings and is also close to the main council offices along with the Arndale Shopping Centre.


        VAT

        The property is not elected for VAT.

        Rates

        According to the Valuation Offices website the premises are described as follows:
        Shop and Premises
        Rateable Value: £5,100
        Payable for the year ending 31st March 2018 = £2,376.60.
        100% small business relief available, subject to the status of the tenant. It is advised that you contact the Local Rating Authority for confirmation of the actual amount payable.


        Legal Costs

        Each party is to be responsible for their own legal fees.

        Tenure

        Our clients are selling a 999 year ground lease which commenced in 1993 with a ground rent of £75 per annum. Offers are invited in the region of £145,000 for the long leasehold interest.

        Accommodation

        Area Sq ft Sq m
        Office 504 46.82
        Basement 488 45.34

        Viewings

        For further information, email details or to arrange an inspection, please contact agents:

        Mike Tingley Paul Wilton
        T: 01323 700100 T: 01323 700100
        M: 07799 884 282 M: 07887 951 030
        E: mike@huntcommercial.co.uk E: paul@huntcommercial.co.uk

        Subject to contract: sh/hc/05/17

        Enquiry

        Please fill in the following form and we will contact you to discuss your requirements.

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        Thank you for your enquiry.