48 Meads Street, Eastbourne BN20 7RH

£375,000
For Sale

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 property comprises of an end of terrace shop and flat, both of which are rented and producing a good income. The ground floor shop is currently trading as a letting agency comprising of a main office/retail area, kitchen and WC, and another office to the rear leading to a small garden area. The self-contained flat has separate access and comprises of lounge, kitchen, two bedrooms and separate shower and WC.

Accommodation

Area Dimensions
Shop:
Main office/retail area 344 sq ft
Kitchen 132 sq ft
Separate WC
Rear office 82 sq ft
Flat:
Lounge 12/ 8" x 11' 9"
Kitchen 7' 11" x 10' 10"
Bedroom 1 8' 1" x 13' 2"
Bedroom 2 9' 11" x 9' 3"
Separate shower & WC

Location

Income-producing

The property is situated in the busy and prosperous high street of Meads, where there are a number of niche retailers. Meads is an affluent part of Eastbourne and the town centre is within a 5 minute drive, with its many facilities and its mainline railway station.

VAT Details

VAT will not be charged on the terms quoted.

Terms

The shop is let to a Ms Tracy McGregor, trading as McGregor Properties Ltd, and will be on a new 5 year effective full repairing and insuring lease at an annual rental of £13,000 per annum, with 3 months’ rent deposit (£3,250).

The flat is let on an AST until October 2023 at a rental of £11,400 per annum.

Total income £24,400 per annum.

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