The property comprises a mid-terraced 3 storey property with a self contained ground floor retail shop let to a watch retailer, with rear access to garden area and bin store. The tenant is nearing completion of fit out. The upper parts comprise of recently converted two x 2 bedroom self-contained flats let on ASTs with access gained via a private front entrance facing Gildredge Road.
|Ground Floor Shop||£14,500||6 Years from February 2022|
|First Floor Flat||£10,800||Vacating September 2022|
|Second Floor Flat||£14,400||Ongoing AST|
7 Gildredge Road, Eastbourne BN21 4RB
Gildredge Road is the main professional area of the town, where there are a number of Accountants, Solicitors, Surveyors, Estate Agents, Financial Advisors and Insurance Brokers. Eastbourne Railway Station is approximately 200 yards to the north with the pedestrianised shopping areas of Terminus Road and The Beacon Shopping Centre also close by.
Each party is to be responsible for their own legal fees.
Offers are sought in the region of £625,000 representing a combined yield of 6.29%.
The investment is for sale with the benefit of the 3 tenancies’ incomes by way of a TOGC.
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