Property Portfolio, Eastbourne

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

Our clients are disposing of three premises within Eastbourne which are to be sold as one lot and comprise of:

  • A plot of land in the centre of Eastbourne
  • A shop and basement in the Meads area, and
  • A shop with two long leasehold flats in Seaside.

Land rear of 17 West Terrace
This is a single plot of land currently used by a firm of local accountants for overflow parking and is situated in the heart of the professional area of the town (see plan attached).

36 Meads Street
This property comprises of a lock-up shop and basement and is currently occupied by a local wine operator.

202 Seaside
This property comprises of a lock-up shop currently trading as Eastbourne Technical Repairs. The first and second floors are 2 one bed flats which have been sold off on long leaseholds.

Tenancy Schedule

Property

Tenant

Lease Term

Rent

Land rear of 17 West Terrace

Private tenant

Held on a 3 year lease from 9th June 2017 (tenant currently holding over)

£2,800 pa

36 Meads Street

Chapman Wine Merchants Ltd

10 year lease from September 2022 with a rent review and tenant’s break at the anniversary of the 5th year

£12,500 pa

202 Seaside

Private Tenant

6 year effective full repairing and insuring lease from 11th January 2019

£8,000 pa

Location

OIRO £310,000

VAT Details

VAT will not be charged on the terms quoted.

Terms

Offers are invited in the region of £310,000 for the three properties. Please note: 17 West Terrace and 202 Seaside are both held freehold. However the shop and basement at 36 Meads Street is held on a 999 year lease at a peppercorn rent.

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