38 South Street, Eastbourne, East Sussex, BN21 4XB | For Sale£119,950.00Details
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.
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.
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.
Offers are invited in the region of £119,950.
VAT may be charged on the terms quoted.
The ingoing tenant to be responsible for the landlord’s reasonable legal charges.
- Wooden flooring throughout shop
- Good window display
- WC accommodation
- Lighting throughout
- Good decorative order
Area Sq ft Sq m Ground floor retail area 608 56.48 Basement 611 56.76
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: firstname.lastname@example.org E: email@example.com
Subject to contract sh/hc/10/17EnquiryThank you for your enquiry.