Size 1,508 sq. ft
Size 140 sq. m
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.
|Ground Floor Retail||366||34.0|
|Stairs leading to kitchen and preparation area||607||56.39|
|Further preparation and store area||535||49.70|
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.
The current rental is £11,600 per annum exclusive of rates, service charges and all other outgoings.
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.
Each party is to be responsible for their own legal fees
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.
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