Size 323 sq. ft
Size 30 sq. m
The property comprises an end of terrace ground floor self contained corner unit with a double glazed shop front and is currently operated as a Barbers Shop. The unit benefits from return frontage to Tideswell Road and offers sales area, with kitchenette and W.C. There is also a forecourt area which has been previously used as a car parking space.
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£70,000 for a 1/6 share of the freehold of the building and the benefit of the Hiring Agreement
72 Cavendish Place, Eastbourne, BN21 3RL
The premises are located in the busy secondary location at the corner of Cavendish Place and Tideswell Road where there are a number of local traders. The Arndale Centre and the town centre is within a short level walk with its mainline railway and bus station.
The premises are let on a Hiring Agreement on FRI terms to the current tenant Nabaz Rasoul from 23rd July 2021 for a term of 5 years paying a rent of £5,500 per annum with a rent review and tenant break option on the 3rd anniversary of the term. The equivalent of a quarters rent is held as a deposit.
According to the Valuation Office website the premises are described as:
Shop and premises
Rateable value: £3,600
100% small business relief available, subject to the status of the tenant. It is advised that you contact the Local Rating Authority for confirmation of the actual amount payable.
Each party to pay their own legal costs.
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