1 Mark Lane, Eastbourne, BN21 4RJ

£11,600 p/a
To LetUnder Offer

Size 1,508 sq. ft

Size 140 sq. m

Area Eastbourne

If you prefer to speak to someone:

Call us on: 01323 700100 or 01424 404004

Call us on: 01323 700100 or 01424 404004

Overview

Fully fitted sandwich and patisserie shop which has been established for many years and has excellent potential. The premises comprise of a ground floor retail area, with a large kitchen and preparation area at first floor level, along with a further store area at first floor level. The premises are fully fitted. The premises are in excellent decorative order and ready for immediate occupation. In the main kitchen area there is w.c. accommodation and in the rear stores a further w.c. In the main kitchen area, there is a double sink unit, various electrical items, gas hob along with numerous applications and extraction system.

Our clients are seeking a premium of £30,000 (Thirty Thousand Pounds) for the benefit of the leasehold interest to include the fixtures and fittings.

Accommodation
Area Sqft Sqm
Ground Floor Retail 366 34.0
Stairs leading to kitchen and preparation area 607 56.39
Further preparation and store area 535 49.70
Total (approx) 1,508 140.09

Location

1 Mark Lane, Eastbourne, BN21 4RJ

The premises are situate in Mark Lane between Gildredge Road and Cornfield Road being the two main professional areas of the town where there are a number of local solicitors, accountants, surveyors etc. Eastbourne town centre with its many shopping facilities and mainline railway station are within a short level walk and this particular premises has serviced the local market for many years.

Amenities

Excellent trading location

Easy start up

Excellent decorative order

W.C. accommodation

Fully fitted preparation and kitchen areas

Rent

The current rental is £11,600 per annum exclusive of rates, service charges and all other outgoings.

Business Rates

According to the Valuation Office website the premises are described as:

Shop and premises

Rateable Value: £5,300

Payable for the year ending 31st March 2022 = £2,644

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.

VAT Details

VAT will not be charged on the terms quoted.

Terms

The premises are currently held on an effective full repairing and insuring lease for a term of 15 years from 1st November 2018 having three yearly rent reviews and the benefit of tenants break clauses at the fifth and tenth years.

Get in touch

Speak to our commercial property team

Eastbourne: 01323 700100 • Hastings: 01424 404004 • Hove: 01273 634000

Eastbourne: 01323 700100
Hastings: 01424 404004
Hove: 01273 634000