• RICS
  •      

      • 56/58 Terminus Road, Eastbourne, East Sussex, BN21 3LX | To Let

        £70,000.00 per annum
        Click image to enlarge
        Details

        Description

        These two A1 shop properties are directly opposite the new Arndale Main Entrance with the new Cinema and Restaurant complex in Eastbourne which is due to open before the end of 2018, and also clearly visible from Eastbourne Train Station main entrance. They form adjacent lock-up shops in what will soon be the prime location in Eastbourne outside of the redevelopment. They could be combined to create a double unit if so desired subject to the usual consents.

        Both properties have glazed frontage and rear access onto Station Street. They are currently trading (as Shelter and South Coast Gifts) and are fitted out with fluorescent lighting, AC units, rear storage areas and rear WC’s.
        The properties have three flats above all sold on long leases – top floor flat accessed from the rear and 1st-floor flats accessed from Terminus Road. There is potential expansion space into the basement of 58 Terminus Road of approximately 600 sq. ft subject to creation of stair access.


        Lease

        Available on new full repairing and insuring leases or on a single lease on terms to be agreed direct with the landlord. Current occupation is on three months’ notice.

        Rent

        The quoting rent for each unit is:
        56 Terminus Road:
        £70,000 per annum exclusive
        58 Terminus Road:
        £75,000 per annum exclusive

        Rates

        According to the Valuation Office website, the properties are described as follows:
        56 – Shop and Premises:
        Current Rateable Value of £21,250
        Payable for the year ending 31st March 2019 = £10,093.75


        58 – Shop and Premises:
        Current Rateable Value of £23,250
        Payable for the year ending 31st March 2019 = £11,043.75

        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.


        Viewings

        Both units are currently open and trading.
        We understand staff are unaware that these units may be available.

        For further information please contact the agent:

        Mike Tingley
        T: 01323 700100
        M: 07799 884 282
        E: mike@huntcommercial.co.uk

        Subject to contract sh/hc/05/18

        Enquiry

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