The premises comprise a ground floor accountants office with the benefit of a prominent return frontage and parking for up to 4 cars with the side spaces. The unit is self contained and forms part of a end terrace three storey building with the upper parts comprising 2 residential flats. The area is made up of a mix of residential, independent retailers, car dealership and builders merchants.
Guide Price - £145,000 for the Long Leasehold interest with the benefit of the current income reflecting a yield of 8.20%.
120 Cavendish Place, Eastbourne, BN21 3TZ
Cavendish Place is located at the busy junction with Ashford Road on the northeast side of Eastbourne Town Centre within ¼ mile of the Beacon undercover shopping precinct and town bus and rail stations. The town is vibrant with a population in excess of 100,000 with a catchment of over 250,000 within a 20 minute drive. Eastbourne is well serviced by both rail and road networks with direct trains to London Victoria (85 minutes), Brighton (30 minutes) and Ashford (69 minutes). The main roads into the town are the A22 London road, A27 Brighton road and A259 coast road.
Shop & Premises with a rateable value of £5,700
Each party is to be responsible for their own legal fees.
The premises are let on a FRI lease for a term of 5 years from 2020 to Diamond Accounts Limited paying a rent of £12,000 pax
The ground floor is offered on a new 999 year long leasehold with a 1/3 contribution towards common parts under Service Charge.
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