30-32 Seaside Road, Eastbourne, BN21 3PB

£510,000
For Sale

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 form part of a terrace of properties and comprise of a self contained ground floor shop and basement with 3 self contained one bedroom flats accessed via a communal separate entrance facing Seaside Road. The property is fully let and currently producing an annual income of £33,000 p.a.

Access to a data site containing relevant documentation is available – details upon request.

Offers are invited in the region of £510,000 representing a net initial yield of 6.11%, assuming purchaser’s costs of 5.75%.

Tenancy Schedule
Property Tenant Term Rent £p.a
Flat 1 £7,500
Flat 2 £7,800
Flat 3 £6,900
Shop & Basement R. Abbas 15 year effective full repairing and insuring from 15.3.2019 - 5 yearly reviews £10,300
Total £33,000

Location

30-32 Seaside Road, Eastbourne, BN21 3PB

These premises are situated in Seaside Road being just off the main shopping area of Terminus Road which in turn leads to the Beacon Shopping Centre. Eastbourne is a major coastal town and is approximately 20 miles east of Brighton and 70 miles south of London. Eastbourne is serviced with regular rail networks to London Victoria, Ashford International, Brighton and Hastings and the road connections are the A27 Brighton, A259 coast road and A22 London Road.

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