330 Seaside, Eastbourne BN22 7RH

£165,000
Sold

Size 665 sq. ft

Size 61 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 self-contained mid terraced ground floor retail unit within this busy fully occupied parade in a densely populated area. The unit has the benefit of an aluminium shop front, main sales area with suspended ceiling, gas fired heating, rear stock room, office, kitchen and WC. Via the rear service road there is access to the self-contained single storey workshop/stores with power, WC, loading doors and off street parking. The premises are considered suitable for a variety of uses.

Accommodation

Area Sq ft Sq m
Shop 480 44.6
Rear Workshop 490 45.5
Total 970 90.1

Location

330 Seaside, Eastbourne BN22 7RH

The premises are situated on the northern side of the A259 Seaside which is the main arterial route in and out of Eastbourne between the junctions of Windermere Crescent and Roselands Avenue. The town centre is approximately 2 miles to the south west with the mainline railway station. This particular parade is made up of a mixture of commercial properties with traders including Tesco Express, Butchers and Clearwell Mobility.

Amenities

Good trading location

Rear vehicular access

Potential high yielding income

Self-contained workshop

Development potential at rear

Business Rates

The property is assessed as follows:
Description: Shop and Premises
Rateable Value: £7,200
Rear Store and Premises
Rateable Value £5,300
The premises qualify for 100% Small Business Rates Relief

VAT Details

VAT will not be charged on the terms quoted.

Terms

£165,000 with vacant possession.

The premises are to be held on a 999 year long leasehold paying a peppercorn ground rent and a fair and reasonable contribution towards common parts.

We consider the shop has a rental value of £12,000 and the rear workshop has a rental value of £6,500 pax, producing a total potential income of £18,500 which reflects a yield of £11.2% once let.

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