The premises comprise of a mid terraced four storey mixed use building in the heart of ‘Little Chelsea’ . The shop and basement benefit from traditional double fronted shop front of wood frame construction with ground floor sales, W.C and stairs leading to basement workshop/storage. The upper parts are accessed via a private entrance to the side of the building via an alley way which leads to the communal entrance. The flats are all sold on long leaseholds paying a peppercorn ground rent and service charge contributions towards common parts. To the rear is a garden area attached to one of the flats.
The flats have limited term remaining offering potential additional revenue by way of lease extensions.
42 South Street, Eastbourne, BN21 4XB
The premises are situated on the southern side of South Street between the junctions of Grove Road and Gildredge Road in the established and busy trading area know as Little Chelsea . This area is known for is varied mixed of independent traders. The town centre bus, railway station and under cover Beacon shopping centre are within a 5 minute walk of the property.
According to the Valuation Office website the premises are described as Shop and premises with a rateable value of £10,500
100% Small Business Rates Relief is available for qualifying occupiers
Each party is to be responsible for their own legal fees.
For Sale with vacant possession subject to the 4 long leasehold flats above.
Offers invited in the region of £168,000
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