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COMMERCIALSOLD STC

South Coast Road, Peacehaven

Guide Price
£275,000
Nicholas James, Auctions
PROPERTY TYPE

Commercial Property

SIZE

Ask agent

Floor/Site plan 1
1

Key features

  • For Sale by Auction 26th July
  • Freehold Commercial Investment
  • Passing Rent of £18,000pa
  • Rent rising to £20,000pa then £22,000pa
  • Planning approved in 2021 for redevelopment

Description

A freehold single storey commercial unit currently used as a café and cycle studio. The property is let on a 7 year lease from June 2022 at a rent of £18,000pa rising to £20,000pa in June 2027 and £22,000 in June 2028. Planning was approved in 2021 under application number LW/20/0375 for demolition of the existing building and construction of a shop, 1 x 2 bedroom flat and 3 x 1 bedroom flats. Buyers should make their own enquiries as to the existing use class and future changes of use.

Brochures

Brochure

South Coast Road, Peacehaven

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newhaven Town Station2.4 miles
  • Newhaven Harbour Station2.4 miles
  • Newhaven Marine Station2.4 miles

About Nicholas James, Auctions

8 The Drive, Hove, BN3 3JT

Our online auctions offer private individuals and property companies more flexibility than ever, no matter whether they’re buying or selling, with buyers able to bid from anywhere in the world, and sellers knowing they’ve reached as many people as possible.

We work on a no sale, no fee model offering sellers a risk-free option of achieving the best possible price.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 34340895. 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 Nicholas James, Auctions. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Nicholas James, Auctions on 01273 110746.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Map data ©OpenStreetMap contributors.

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