Hunt Commercial is pleased to announce the sale of Berkeley House, Eastbourne.
Berkeley House is situated in the vibrant East Sussex town of Eastbourne which has a population in excess of 100,000 with a catchment of over 250,000 within a 20-minute drive. Eastbourne is well serviced by both rail and road networks with direct trains to London Victoria (85 minutes), Brighton (30 minutes) and Ashford (69 minutes). The main roads into the town are the A22 London road, A27 Brighton road and A259 coast road.
Eastbourne has many amenities and presently Legal and General are extending the town centre Arndale Centre. The £85 million development will provide a further 186,114 sq ft retail and restaurant space also to include a 9 screen multiplex cinema. This will be open late 2018.
Berkeley House itself is situated in the heart of the town’s professional area where there are a number of Accountants, Solicitors, Surveyors etc. and is within a short level walk of the main railway station and the town centre. The premises were constructed in the 1970s and provide 5 floors of modern office accommodation, which is serviced by a communal entrance hall with a lift to all floors. The property benefits from on-site parking beneath the building.
At present, the ground, first and second floors are tenanted producing £78,000 per annum with a further two floors being vacant.