The property offers a prominent mid terraced four storey building of brick block construction with part tiled elevations under a pitched tiled roof. The lower ground, ground and first floor are let to Leaders Ltd. The second floor provides a self contained one bedroom flat with access via communal stairwell with external access via the rear gated garden leading to the rear service path.
22 Grove Road, Eastbourne, BN21 4TR
The property is located within the town of Eastbourne on the South Coast of England. Eastbourne has a residential population of approximately £105,000 (Eastbourne Borough Council website) and is located at the junction of the A22, A27 and A259. The town is approximately 65 miles south of central London, 24 miles east of Brighton and 18 miles west of Hastings. There are direct trains to London Victoria, Gatwick and Ashford International (Euro Star).
The property is situated on Grove Road, in an area known locally as Little Chelsea which boasts a mix of uses including retail, leisure and offices. Occupiers include Tesco Express, Grove Road Doctors Medical Centre and the Town Hall alongside various independent businesses specialising in art, interior design and designer clothing. The town's new Beacon Shopping Centre and mainline railway station are within a short level walk.
|Premises||Tenant||Lease Start||Lease Expiry||Rent (pa)||Tenant Break & Rent Review|
|Shop & Basement||Leaders Ltd||1.7.14||30.6.24||£12,750||30.6.19|
|Flat||Christine Baron||15.10.05||Rolling AST||£5,200 pax||N/A|
The shop has a rateable value of £8,000 per annum.
The flat has a Council Tax Banding of 'A'
We are instructed to seek offers in the region of £325,000 for the freehold subject to the existing lease, reflecting a net yield of 5.36% allowing for purchasers' costs