Property Information
Address:
104-106 Seaside Eastbourne, Eastbourne, East Sussex
, BN22 7QP
, East Sussex
, United Kingdom
Price: Property no longer available.
Size: 2365 sq ft219 sqm
Primary Category: Shop
All Categories:
Leisure, Shop,
Property Ref/Movehut: MH476513
Property Ref/Agent: 104-106 Seaside Eastbourne, Eastbourne, East Sussex, BN22 7QP
*Please use the agent ref when calling the agent directly.
Property description
FREEHOLD INVESTMENT FOR SALE
Approximately 2,365 sq ft (220 sq m)
104-106 Seaside, Eastbourne, East Sussex, BN22 7QP
£395,000
The premises occupy a most prominent position in Seaside which is the main A259 Hastings to
Brighton road through Eastbourne town centre. The subject premises are about ½ mile from the
main town centre in a strong trading secondary retail area of the town.
The property comprises a ground floor Patisserie together with 34 cover cafe and bakery, in addition to
which, on two floors above, are two self-contained flats and two single letting rooms sharing a common bathroom.
The ground floor is let on an FRI lease at a rent of £17,500 pa. Each of the self-contained flats are let on
assured shorthold tenancies producing a total £931.66 per calendar month. In addition, the letting rooms
produce a total £606.66 per calendar month. Total annual income £35,960 per annum exclusive
ACCOMMODATION
The property comprises the following:
GROUND FLOOR
Cafe & Patisserie 64.01 sq m (689 sq ft)
Food Preparation Area 16.35 sq m (176 sq ft)
Bakery 112.50 sq m (1,211 sq ft)
Cold Store 14.96 sq m (161 sq ft)
Office 9.94 sq m (107 sq ft)
Store 1.95 sq m (21 sq ft)
WCs
FIRST FLOOR
One Self Contained Flat with living room, bedroom, kitchen, bathroom and WC 2 Individual letting rooms with shared bathroom and
kitchen.
SECOND FLOOR
One self contained flat including living room, bedroom,kitchen and bathroom
Tenancies
The ground floor is let on an effective full repairing and insuring lease for a term of 12 years from 28th July
2003 at a current rent of £17,500 per annum. The tenant contributes 33.33% of the costs of exterior maintenance, repair and the decorations.
Each of the self contained flats are let on assured short hold tenancies producing a total £975 per calendar month. In addition the letting rooms produce
a total £650 per calendar month
Tenure
Freehold subject to the existing tenancies
Price
£395,000 freehold (subject to contract)
Rateable Value
We are advised by Wealden District Council that the Rateable Value is £11000, subject to transitional relief
or charges that may be applicable
UBR (2015/2016) 49.3
Rates Payable £5,423
Legal Costs
Each party is to be responsible for their own legal costs
Services
No electrical, gas or other equipment, appliances or installations have been tested. In-going occupants
must make their own enquiries
VAT
Under the Finance Act 1989 VAT may now be charged on rent or purchase prices. It is recommended that
prospective tenants/purchasers make their own enquiries to establish whether or not VAT is
chargeable prior to entering into an agreement.
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