4 bedroom commercial property to rent

Sea Road, Bexhill On Sea, East Sussex, TN40

£320,000 pa| £26,667 pcm

Property Description

Letting information:

Furnishing: Unfurnished
Letting type: Commercial

Key features

  • Freehold Shop and Flat Investment
  • Entire property has been refurbished, including windows and utilities.
  • Present owners have obtained Planning Permission to provide studio flat to the rear.
  • The shop has been recently Let.

Full description

DESCRIPTION:
An unusual opportunity to acquire an investment freehold shop property, with living accommodation above, which has been totally modernised. The shop is let on a five-year lease and the two-floor maisonette is let but could be vacant for a purchaser. The entire property has been refurbished by the present owners and all the utilities and all the windows are new. The upper part has a separate entrance alongside the shop. There has never been a problem with letting shops of this standard in Sea Road.

LOCATION:
This property is situated on the west side of Sea Road, close to the junction with Endwell Road, approximately 50M from Bexhill Station. The property forms part of the eastern edge of the town centre, close to residential areas further east of the town. The sea front and the well-known De La Warr Pavilion are within easy walking distance.

DEVELOPMENT POSSIBILITY:
The present owners have obtained Planning Permission (Ref No RR2009969/P) to provide a studio flat to the rear, " ... consequent upon the demolition of a structurally unsound single storey. A1 front premises to remain". The present owners have created the new foundations and laid the membrane for the development of the rear to form, when completed, a studio flat. The Planning Permission for this future development is reflected in the price.

AREAS:
Shop:
Front Shop: 6.1M x 4.5M
Rear Shop: 3.7M x 3.5M
Rear Kitchen Area 4.2M x 3.2M.
Total area of retail premises 53.84SqM (580 SqFt)
Measurements quoted on a Net Internal Area basis in accordance with RICS Guide of Measuring Practice.
Residential Accommodation as existing.
1st Floor: Room 1 - 5.41M x 4.39M; Room 2 - 4.06M x 3.58M; Kitchen 4.11M x 3.23M; Bathroom.
2nd Floor: Two rooms, kitchen and bathroom.

FREEHOLD SHOP INVESTMENT:
The shop has recently been let on a new five-year lease.

CURRENT USE:
A retail and residential property - fully authorised.

RATEABLE VALUE:
The shop has a rateable value which includes, it seems, the rest of the property, at 6,400 per annum.

EPC:
Band D. Certificate available.

PRICE FREEHOLD:
The property is offered for sale freehold, subject to the lease of the ground floor shop, and with either the benefit of the tenants at first floor level or vacant possession if required. Price 320,000.

Nearest stations

  • Bexhill (0.1 mi)
  • Collington (0.8 mi)
  • Cooden Beach (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maltbys, Chartered Surveyors Bexhill

Shepherds Close Patrixbourne CT4 5HQ

01424 578033 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Bexhill (0.1 mi)
  • Collington (0.8 mi)
  • Cooden Beach (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maltbys, Chartered Surveyors Bexhill

Shepherds Close Patrixbourne CT4 5HQ

01424 578033 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Property reference 14SeaRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Maltbys, Chartered Surveyors Bexhill .

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