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Create Alert Results - 1 commercial property for sale in Peacehaven, East Sussex. Need a mortgage? Click for a quote.

For Sale£500,000.00
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
Location: 81-85 South Coast Road, Peacehaven, BN10 8QS
Images: 4
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