120 Cavendish Place, Eastbourne, BN21 3TZ

£145,000
For Sale

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

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%.

Location

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.

Business Rates

Shop & Premises with a rateable value of £5,700

VAT Details

VAT will not be charged on the terms quoted.

Terms

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.

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