Location Peacehaven is located approximately 6 miles east of Brighton, 3 miles west of Newhaven and 16 miles west of Eastbourne being linked by the A259 South Coast Road. Peacehaven is within easy reach of the A27 to the north that in turn provides a dual-carriageway link to the A/M23. The subject property is found on the southern side of South Coast Road towards the eastern extent of Peacehaven. Local shopping is available at the nearby Meridian Centre and along South Coast Road, which is characterised by its variety of commercial premises. Description The site comprises two adjoining commercial properties, currently used as retail showrooms, together with ancillary storage at the rear. Both properties front South Coast Road and have a forecourt running the width of the site that provides parking. There is rear access to both properties from Vernon Avenue, which provides for further parking and acts as a service yard for delivery vehicles. Accommodation The properties have the following approximate floor areas:- 81/83 South Coast Road Ground Floor Showroom/Storage 677.43 sq m (7,292 sq ft) First Floor Offices 82.58 sq m (889 sq ft) Total 760.01 sq m (8,181 sq ft) 85 South Coast Road Ground Floor Showroom/Storage 276.00 sq m (2,971 sq ft) Site Area 0.152 hectares (0.375 acres) Tenure The freehold interest is available for sale subject to the existing tenancies. The premises are considered suitable for future redevelopment, subject to planning consent. Tenancy We understand both leases are on Full Repairing and Insuring terms and copies are available on request. 81/83 South Coast Road Tenant Hayden John Hicks (trading as South Coast Windows) Term 6 years from 29 September 2010, expiring 28 September 2016 Rent £40,000 per annum exclusive, in advance on the usual quarter days 85 South Coast Road Tenant Jeremy Drury (trading as Premier Carpets) Term 6 years from 29 September 2010, expiring 28 September 2016 Rent £8,000 per annum exclusive, in advance on the usual quarter days We understand there are outstanding rent reviews relating to both leases from the 29 September 2013 review date. Price Offers are invited in the order of £500,000 for the freehold interest, subject to the existing tenancies. Business Rates We have been informed by the Local Rating Authority that the premises are assessed as follows: 81/83 South Coast Road - Rateable Value: £40,750 85 South Coast Road - Rateable Value: £20,900 UBR (2016/2017) 49.7 p in £ We advise that you contact the Local Rating Authority for confirmation of the actual amounts payable. VAT VAT is not applicable on the terms quoted. Legal Costs Each party to be responsible for their own legal costs.
81-85 South Coast Road, Peacehaven
Type: Retail, Offices
81-85 South Coast Road, Peacehaven, BN10 8QSGBPeacehavenEast SussexBN10 8QS81-85, South Coast Road