143 South Coast Road, Peacehaven, BN10 8NN

£425,000
Under Offer

Area Peacehaven

If you prefer to speak to someone:

Call us on: 01323 700100 or 01424 404004

Call us on: 01323 700100 or 01424 404004

Overview

At present the premises comprise of a two storey office building divided into 8 small suites with a rear garage which are let individually on an informal basis (Tenancy Schedule below).

In the event that the property is fully let, it produces a rental of £41,340 with the landlords currently being liable for certain charges and therefore there is approximately a net figure of £36,000 received. Full details upon request.

Tenancy Schedule
Unit Rent Per Contract Per Month Notes
1 £5,400 £450
2 £3,600 £300 Vacant
3 £6,480 £540
4 £4,200 £350
5 £5,400 £450 Vacant
6 £6,000 500 Vacant
7 £5,400 £450
8 £3,900 £300
Garage £ 960
Total income on fully let basis £41,340

Development Opportunity

Planning consent was granted for the site for a change of use from office to five self contained apartments with stepped frontage extension, off road parking and associated hard and soft landscaping. The planning application is number LW/17/1068 and can be seen on Lewes District Council’s website. The actual planning consent will shortly expire but it is hoped this can be re-granted.

Offers are invited in the region of £425,000 for the freehold interest.

Location

143 South Coast Road, Peacehaven, BN10 8NN

The premises are situate on the A259 coast road between Newhaven and Brighton and occupies a prominent position.

VAT Details

VAT will not be charged on the terms quoted.

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