George Street, Hastings, East Sussex, TN34
£98.97 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,073 sq ft
750 sq m
- SECTOR
Commercial property for sale
- USE CLASSUse class orders: A1 Shops, A3 Restaurants and Cafes, Class E and Sui Generis
A1, A3, E, sui_generis_3
Key features
- Freehold investment
- Producing £55,000 rental
- Fully tenanted
- Sought after Old Town location
Description
Location
The property is situated in the highly desirable 'Old Town' conservation area of Hastings. It is supported by a wide variety of other shops and businesses including hair salons, restaurants, bars, cafes, jewellers, ladies' fashion, etc. It is located in a popular pedestrianised area with a delightful 'bohemian' atmosphere just back from the main Hastings seafront.
Tenancies
Ground Floor Restaurant - currently occupied on a FRI commercial lease for a term of 6 years from February 2023 (no breaks) at a current rent £35,000 and reviewed every 3 years.
First Floor Events Venue - currently occupied on a FRI commercial lease for a term of 6 years from February 2023 (no breaks) at a current rent £20,000 and reviewed every 3 years.
Ground Floor Retail Unit (11) - sold on a 99-year lease from 1985 with a ground rent of £35 per year.
Flat 11a - Sold on a 189-year lease from 1993. Annual ground rent of £50.
Flat 11b - Sold on a 125-year lease from 1993. Annual ground rent of £50.
Tenure: Freehold
George Street, Hastings, East Sussex, TN34
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hastings Station0.6 miles
- Ore Station0.8 miles
- St Leonards Warrior Square Station1.3 miles
About GPS Business Sales, Eastbourne
43 - 45 Cornfield Road, Eastbourne, BN21 4QG
GPS Business Sales is a group of specialist business transfer consultants, with experience in handling the confidential sale of all business types and commercial property.
Originally concentrating on the South of England, the group is expanding throughout the country, offering its core values of confidentiality, professionalism and quality service.
Notes
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