These two A1 shop properties are directly opposite the Beacon shopping centre with the new Cinema and Restaurant complex (under construction) in Eastbourne, and also clearly visible from Eastbourne Train Station main entrance. They form adjacent lock-up shops in what will soon be the prime location in Eastbourne outside of the redevelopment. They could be combined to create a double unit if so desired subject to the usual consents.
Both properties have glazed frontage and rear access onto Station Street. They are currently trading (as Shelter and South Coast Gifts) and are fitted out with fluorescent lighting, AC units, rear storage areas and rear WCs.
The properties have three flats above all sold on long leases – top floor flat accessed from the rear and 1st-floor flats accessed from Terminus Road. There is potential expansion space into the basement of 58 Terminus Road of approximately 600 sq. ft subject to creation of stair access.
56 Terminus is 1,024 sq ft
58 Terminus Road is 1,240 sq ft
56/58 Terminus Road, Eastbourne, East Sussex, BN21 3LX
The quoting rent for each unit is:
56 Terminus Road:
£70,000 per annum exclusive
58 Terminus Road:
£75,000 per annum exclusive
According to the Valuation Office website, the properties are described as follows:
56 – Shop and Premises:
Current Rateable Value of £21,250
Payable for the year ending 31st March 2020 = £10,433.75
58 – Shop and Premises:
Current Rateable Value of £23,250
Payable for the year ending 31st March 2020 = £11,415.75
It is advised that you contact the Local Rating Authority for confirmation of the actual amount payable.
Each Party is to be responsible for their own legal fees.