The property comprises of an end of terrace and comprises of a small shop unit with 3 flats above which have been sold off on long leases.
55 Susans Road, Eastbourne BN21 3TG
The premises are situated in Susans Road, being a secondary shopping area close to the rear entrance of The Beacon Shopping Centre and within easy walking distance of Terminus Road and the mainline railway station.
Offers are invited in the region of £60,000 for the freehold interest with the benefit of the shop lease and the 3 long leaseholds.
The shop is let to a Mr B Kharbouche, who runs a mobile security outlet and currently has a 5 year lease from 1st February 2019, with the current passing rent being £4,420 per annum subject to a rent review which was due in February 2022. This remains outstanding.
The property comprises of 3 long leasehold flats:
Flat 1: Lease has recently been extended for a further 99 years (details to follow).
Flat 2: 99 years from 25th December 1987.
Flat 3: 99 years from 25th December 1987.
There is a combined ground rent of £150 per annum.
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