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 - £425,000
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.
47-49 Seaside Road, Eastbourne, BN21 3PL
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
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
Each party is responsible for their own fees.
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