3 South Street, Eastbourne, BN21 4UJ

£250,000
For SaleUnder Offer

Size 430 sq. ft

Size 39 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 3 storey building, with a ground floor self contained retail unit and a two bedroom flat above. Accessed via a private entrance fronting South Street. The shop is currently trading as a pottery and art shop.

The freehold is for sale subject to the lease of the ground floor and the Assured Shorthold Tenancy.

Location

3 South Street, Eastbourne, BN21 4UJ

The property is located on South Street close to the junction with Grove Road and Grange Road, in a specialist retail area known as ‘Little Chelsea’. The town centre is in close proximity along with the mainline railway and bus stations. The area is home to a wide range of specialist retailers and is considered a destination shopping area. Eastbourne lies approximately 18 miles west of Hastings and 22 miles east of Brighton and is ideally situated to serve the county via the A22 and A27 trunk roads.

Amenities

Self contained

Traditional wooden shop front

Popular Retail Area

Close to Bus and Train Station

Rear store with security bars and skylight

Rent

Tenancies Rent

Ground Floor Shop

Mr M Giles

£8,500 p.a. based on a 5 year lease from June 2017
Flat

£9,000 p.a. AST start date 17/7/19

6 months C Oliver & L Stirrup

Total Income £17,500 PAX

Business Rates

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

Shop and premises

Rateable Value: £4,900

Small Business Rate Relief offers 100% discount

Flat has a Council Tax Banding of ‘A’

VAT Details

VAT will not 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