47-49 Seaside Road, Eastbourne, BN21 3PL - PRICE REDUCED

£375,000
Sold Subject to Contract

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 mid terraced ground floor shop and basement with a substantial self contained 5 bedroom maisonette above. There is vehicle access to the rear of the property via Elms Avenue providing access to the shop and maisonette along with 2 car parking spaces.

Guide Price - £375,000

The upper parts will be sold with vacant possession and are considered suitable for conversion to 3 x 1-2 bedroom flats subject to planning permission.

The shop and basement are subject to an existing FRI lease trading as a laundrette. Lease is for a term of 12 years from 2009 with a passing rent of £12,500 pax. The tenant has Served a Section 26 notice confirming they wish to renew the lease in September 2021.

Location

47-49 Seaside Road, Eastbourne, BN21 3PL - PRICE REDUCED

The premises are situated in a central location on the south side of Seaside Road opposite the junction with Susan’s Road. Eastbourne seafront and pier are 300 yards to the south and the town centre shopping precinct Bourne Street approximately ½ mile east of Eastbourne Town Centre. The area is made up of a mix of housing, schools and tertiary shops with hotels and the seafront with 500 yards

Amenities

Town centre location

Development opportunity

All mains services to site

Separate entrance to upper parts

Off street parking

Front and rear access

Business Rates

According to the Valuation Office website the retail premises are described as:

Shop and premises

Rateable Value: £10,250 (100% small business rates relief available)

Maisonette :- Council Tax Band C

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