25 South Street, Eastbourne, BN21 4UP

£530,000
Sold

Size 2,176 sq. ft

Size 203 sq. m

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 were comprehensively refurbished during 2018 to form 4 individual warehouse style office/studio units and are now fully let in accordance with the schedule below.

Suite Sizes

Area Sq ft Sq m
Suite 1 592 55
Suite 2 480 46
Suite 3 639 59
Suite 4 465 44
Total 2,176 203

Location

25 South Street, Eastbourne, BN21 4UP

The premises are situated in South Street, the heart of Eastbourne Town Centre where there area number of other retailers, office users and business operators. Eastbourne Town Centre with its new Beacon shopping centre is within a short level walk as is the mainline railway station, Town Hall and all other local amenities. Eastbourne now has a population in excess of 100,000 with a catchment of 300,000 within a 20 minute drive. Eastbourne is well serviced by the A22 London Road, A27 Brighton road and the A259 cast road. Eastbourne has regular services to Brighton, London and Ashford International railway stations.

Amenities

Wood flooring

Cast iron radiators

High and vaulted ceilings

Large picture windows

Communal WCs

Industrial style lighting

Exposed brick walls

Each suite under rateable value

Each suite sub-metered

Rent

Tenancies

Suite Tenant Lease Details Use Rent (pax) Notes
1 Mrs C Stead 5 year lease from 15.5.19 A1 Bridal shop £12,000 £5,000 rent deposit held*
2 Straightline Consulting 5 year lease from 3.9.18 B2 Office £8,000 £4,000 rent deposit held*
3 Kingmakers Ltd 5 year lease from 20.5.19 B2 Office

Yrs 1-2 £11k Yes 3-5 £12k

£4,000 rent deposit held*
4 E Kristlova 5 year lease from 1.1.19 D2 Yoga Studio £10,000 £5,000 rent deposit held *
£41,000 Rising to £42,000

Lease outside Landlord and Tenant Act. Tenant break year 3 on 6 months notice.

Service Details

A service charge covers management of common parts and is fully recoverable under the leases. 2019 Budget - £4,630 PA.

VAT Details

VAT may be chargeable on the terms quoted

Terms

Offers are invited in the region of £530,000 for the freehold interest (7.45% NIY)

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