• 38 South Street, Eastbourne, East Sussex, BN21 4XB | For Sale

        £119,950.00 
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        Details

        Description

        Freehold shop & basement with benefit of long leasehold flats above. Currently tenanted, although vacant possession can be achieved. The premises comprise of a shop and basement with four flats above which have been sold on long leases. The shop is currently tenanted to a men’s outfitters.


        Location

        The premises are situated in the established and busy trading area of South Street locally known as ‘Little Chelsea’ where there are a number of niche retailers.

        Eastbourne town centre is within a short level walk as is the mainline railway station.


        Terms

        The premises are currently tenanted by way of a new effective full repairing and insuring 10 year lease with a 5 year break from September 2017 at a passing rental of £8,750 per annum but exclusive of rates, utilities etc.

        The four flats produce a ground rent of £301 per annum.


        Price

        Offers are invited in the region of £119,950.


        VAT

        VAT may be charged on the terms quoted.

        Legal Costs

        The ingoing tenant to be responsible for the landlord’s reasonable legal charges.

        Amenities

        • Wooden flooring throughout shop
        • Good window display
        • WC accommodation
        • Lighting throughout
        • Good decorative order

        Accommodation

        Area Sq ft Sq m
        Ground floor retail area 608 56.48
        Basement 611 56.76

        Viewing

        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/10/17

        Enquiry

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

        Thank you for your enquiry.