299 Seaside, Eastbourne, BN22 7NU

£42,500
For Sale

Size 110 sq. ft

Size 11 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 comprise a mid-terraced ground floor shop with access to the rear garden and brick built stores, leading to a service road for vehicular access. The property has been totally refurbished and comprises of a small lock up shop, totaling approximately 110 sq ft with its own toilet and facilities. At first and second floor levels there are two refurbished flats, which have been sold off on new 125 year Ground Leases. To the rear of the property is a lock up garage unit.

Location

Rear garage still available to purchase.

The premises are situated on the eastern side of Seaside between the junction of Seaford Road and Hydney Street. The seafront is approximately 300 yards to the east and the town centre 1 mile to the west. The area is made up of a mix of housing, schools and tertiary shops with hotels close by.

Amenities

Prominent location

Development opportunity

Brick store unit in garden

Potential to split upper parts

Vehicle access to rear garden

Double glazed upper floors

Rent

Our clients are seeking offers of £42,500 for the freehold interest of the vacant shop and the two long leasehold flats (VAT will be chargeable on this portion of the transaction)

Offers are invited in the region of £20,000 for the rear garage with vacant possession (VAT will not be chargeable on this portion of the transaction).

Business Rates

According to the Valuation Office website the retail premises are described as:

Shop and premises

Rateable Value: £11,250 (100% small business rates relief available subject to the status of the Tenant. It is advised that you contact the local rating authority for confirmation of the actual amount payable.)

VAT Details

VAT will be charged on the terms quoted.

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