95-97 & 99A, Milfoil Drive, Eastbourne BN23 8BR

The property comprises a purpose built detached building with a convenience store to the ground floor. To the rear of the ground floor there is a secure yard. To the first floor there are two x 2 bed flats, one of which is included in our client's long leasehold interest. The other flat is held by the freeholder and not included in the sale.

The property is situated in Shinewater, a residential neighbourhood of Eastbourne around 3 miles north-east of the town centre and 1 mile north of the Langney Shopping Centre.

A Health Centre, Shinewater Primary School, Shinewater Community and Sports Centre, Shinewater Children's Centre and South Downs Community Special School are all within 2 minutes' walk from the property. The only other retail unit in the vicinity is a Kamsons Pharmacy immediately adjacent to the subject property.

The A22 can be accessed 1 miles to the south or 1.5 miles to the north west. From which access is easily obtained to the A27 - the main south coast trunk road. The A22 - providing north south access - is located approx. 3 miles to the west. Polegate and Eastbourne stations are both within 3 miles of the property.

Our client holds a head lease to the ground floor shop and one of the flats to the first floor. This is for a term of 125 years at a peppercorn rent from 28 September 1988. Therefore expiring on 27 September 2113.

The property is sub-let to Co-operative Group Food Ltd on a Full repairing and insuring lease for a term of 10 years from 4 June 2024 at a current rent of £23,000 per annum. The lease contains a tenant break option on 3 June 2029.

Rents and prices are quoted exclusive but may be subject to VAT.

We understand the property has an EPC rating of B-38

Each party to bear their own legal costs incurred.

In accordance with current Government legislation, we are legally required to conduct Anti-money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.