45 High Street, Newhaven, BN9 9PA

£80,000
For Sale

Size 343 sq. ft

Area Newhaven

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 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.

Location

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.

Rent

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.

VAT Details

VAT will not be charged on the terms quoted.

Terms

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.

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