35-37 Seaside Road, Eastbourne, BN21 3PP

£445,000
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 three flats above (as per the attached Schedule). The premises are currently producing a rental of £29,380 p.a.

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

Offers are invited in the region of £445,000 representing a net initial yield of 6.25%, assuming purchaser’s costs of 5.75%.

Tenancy Schedule
Property Tenant Lease Rent £PA
Flat 35A 7,200
Flat 35B 6,960
Flat 35C 5,220
Shop and Basement M. Green t/a Rainbow Charity 10 year effective full repairing and insuring from 25.11.2019 - 5 yearly review 10,000
Total £29,380

Location

35-37 Seaside Road, Eastbourne, BN21 3PP

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