7 Gildredge Road, Eastbourne BN21 4RB

£625,000
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 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.

Accommodation

Area Rent Term
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
Total Income £39,700

Location

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.

VAT Details

VAT will not be charged on the terms quoted.

Terms

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.

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