22 Grove Road, Eastbourne, BN21 4TR

£325,000
Sold

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 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.

Location

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.

Rent

Tenancy Details

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
Total Income £17,950

Business Rates

The shop has a rateable value of £8,000 per annum.

The flat has a Council Tax Banding of 'A'

VAT Details

VAT may be chargeable on the terms quoted

Terms

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

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