30 Fernside Avenue, St Leonards-on-sea, East Sussex TN38 0UU

Investment Consideration:
Gross Initial Yield: 10.00%
Rental Income: £12,500 p.a.
VAT is NOT applicable to this property
Comprises mid-terrace ground floor takeaway shop
Let until August 2036. No breaks. Rent review in August 2029.
Occupiers nearby including Tesco Express, Hair and Beauty salon and more.

Property Description:
Comprises mid-terrace ground floor takeaway shop, providing the following accommodation and dimensions
Ground Floor: 72 sq m (775 sq ft)
Reception, kitchen, storage, wc

Tenancy:
The property is at present let to Jai Shiri Krishna Limited (with personal guarantee) for a term of 10 years from 17th August 2026 at a current rent of £12,500 p.a. and the lease contains full repairing and insuring covenants. Rent review in in August 2029 open market upward only. No breaks. Deposit held of £3,125.

Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of Peppercorn.

Location:
St Leonards-on-Sea is a town and seaside resort in the Borough of Hastings in East Sussex. The property is situated in a parade of commercial units in a predominantly residential area of St Leonards, with occupiers nearby including Tesco Express, Hair and Beauty salon and more.