Size 2,176 sq. ft
Size 203 sq. m
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.
|Area||Sq ft||Sq m|
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.
|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.
A service charge covers management of common parts and is fully recoverable under the leases. 2019 Budget - £4,630 PA.
Each party is to be responsible for their own legal fees
Offers are invited in the region of £530,000 for the freehold interest (7.45% NIY)
Some of our other areas of commercial property expertise