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UNDER OFFER

Seaside, Eastbourne, East Sussex, BN22

£295,000

£171.31 per sq ft

Business rates & charges may apply

GPS Business Sales, Eastbourne
SIZE AVAILABLE

1,722 sq ft

160 sq m

SECTOR

Commercial property for sale

USE CLASSUse class orders: C3 Dwelling Houses and Class E

C3, E

Key features

  • Mixed-use investment property
  • Fully tenanted
  • Producing £21,200 combined rent
  • Excellent location

Description

A mixed-use investment freehold property consisting of two one-bedroom flats (one sold off on a long lease) and ground floor commercial premises. The flat and commercial parts generate an annual rental income of £21,200.

Location
The Property is in an excellent position on the corner of one of the main roads into and out of Eastbourne town centre. Eastbourne is a growing, thriving town with a population of around 100,000. It is also a popular seaside holiday destination, with visitors enjoying many of its attractions and sights, including the Victorian Pier, Bandstand, beaches, The Waterfront Harbour complex and access to The South Downs. There are excellent rail and road links to London, Brighton and Hastings.

Tenancies
Ground Floor Commercial - currently occupied on a FRI commercial lease for a term of 15 years from 2021 (no breaks) at a current rent £11,000 and reviewed every 5 years.

First Floor Flat - Let on an AST at a monthly rent of £850.

Second Floor Flat - Sold on a long lease with approximately 60 years remaining. Annual ground rent of £100.

Seaside, Eastbourne, East Sussex, BN22

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Eastbourne Station0.6 miles
  • Hampden Park Station1.7 miles
  • Pevensey & Westham Station3.4 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

These notes are private, only you can see them.

Disclaimer - Property reference 31074. 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 GPS Business Sales, Eastbourne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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