Size 343 sq. ft
The premises comprise of a lock up shop unit which currently trades as a nail bar. The shop area is 343 sq ft to include a toilet and small kitchenette. The premises are in good decorative order with wooden flooring and lighting throughout.
45 High Street, Newhaven, BN9 9PA
The premises are situated in the High Street of Newhaven where there are a number of both niche retailers and multiple occupiers. Newhaven is situated between Eastbourne and Brighton on the main A259 Coast Road.
We are instructed to dispose of a 125 ground lease from 9.11.2012 with the annual ground rent being £150 per annum.
The property is let to a Ms Maria Ludwika on a 5 year lease from 1.9.2019 at an annual rental of £6,600 per annum.
Each party is to be responsible for their own legal fees.
Offers are invited in the region of £80,000 for the long leasehold interest giving a net initial yield of 7.85% after 5% purchase costs.
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