Lion Works, Sidley Road, Eastbourne, BN22 7HB

The premises comprise of a two storey brick and concrete beam built industrial building. The building has a pitched roof and timber suspended floors and access is via a tarmac surface road from Sidley Road itself behind the residential accommodation. The premises are used as offices and have been completely refurbished over the last few years to provide high quality office space and has been totally re-wired and has gas central heating. There is perimeter trunking and a number of data cabling floor boxes at first floor level. Externally the premises have upvc rainwater goods and soffits and velux type rooflights have also been installed.

Offers are invited in the region of £425,000 for the freehold interest with the benefit of the current lease. At this level, and an assumption of 5% purchaser’s costs, this shows a net initial yield of 6.72%.

It must be noted that this property is in a mainly residential area and there is the possibility of the site being re-developed or converted to residential in future years.