Limousin House, Athelstan Close, Eastbourne, East Sussex, BN23 6TE - PRICE REDUCED

£415,000
For Sale

Size 2,500 sq. ft

Size 232 sq. m

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 premises comprise of a ground floor building which is divided into a number of offices (as per the attached plan). The premises have toilets, kitchenette, etc and a total of approximately 2,500 sq ft.
There is also on-site car parking for approximately 12 vehicles.

EPC Rating C - 67 (of 51-75)

Our clients are offering the remainder of a 999 year lease and offers are invited in the region of £415,000 showing a net initial yield of 5.96% after taking 5% purchasers costs into account.

Location

Limousin House, Athelstan Close, Eastbourne, East Sussex, BN23 6TE - PRICE REDUCED

The premises are situated on the main A259 coast road just off the Pevensey Bay roundabout which enters Eastbourne alongside Seaside. The premises themselves are located on a prominent corner location and are assessed via the Kingsmere residential estate.
Eastbourne town centre is approximately 3 miles to the west with its mainline railway station and many shopping facilities.

Rent

The premises are let to Sussex Partnership NHS Foundation Trust on a 10 year effective full repairing and insuring lease from 27.1.2021, at an annual rental of £26,000. The tenants have the option to break the lease on the anniversary of the fifth year.

VAT Details

VAT will not be charged on the terms quoted.

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