The premises form part of a terrace of properties and comprise of a ground floor shop and basement with three flats above (as per the attached Schedule). The premises are currently producing a rental of £32,900 p.a.
Access to a data site containing relevant documentation is available – details upon request.
Offers are invited in the region of £510,000 representing a net initial yield of 6.10%, assuming purchaser’s costs of 5.75%.
|19-23 Seaside Road|
|Flat 2A|| |
|19-21 Seaside Road |
Shop & Basement
|Andrew Lock t/a The Aquarium||6 year effective full repairing & insuring lease from 1.5.2020. Tenant has break on 3.4.2023||10,400|
19-23 Seaside Road, Eastbourne, BN21 3PP
These premises are situated in Seaside Road being just off the main shopping area of Terminus Road which in turn leads to the Beacon Shopping Centre. Eastbourne is a major coastal town and is approximately 20 miles east of Brighton and 70 miles south of London. Eastbourne is serviced with regular rail networks to London Victoria, Ashford International, Brighton and Hastings and the road connections are the A27 Brighton, A259 coast road and A22 London Road.
Each party is to be responsible for their own legal fees.
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