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AGENT'S DETAILS


Eastbourne – Leasehold Shop Investment

For sale: £155,000.00|1399 Sq Ft|Retail, Retail - High Street, Restaurant/Cafes

PROPERTY DETAILS

FOR SALE£155,000.00
SIZE1399 Sq Ft
ADDRESS74 Seaside Road, Eastbourne, East Sussex BN21 3PE
TYPERetail, Retail - High Street, Restaurant/Cafes
TENUREFor Sale Leasehold
POSTED ON1st June 2020

DESCRIPTION

Investment Consideration:
Comprises a ground floor café with kitchen area, basement store, office area, WC and rear yard.
Leasehold. Term of 99 years from 15th December 2015.
Situated in a busy retail area on the periphery of Eastbourne town centre, close to the junction with Cavendish Place and the seafront.
VAT is NOT applicable to this property.
Occupiers nearby include Tesco, Asterix Gym among other local traders and Hotels.

Property Description:
The property is arranged as Ground Floor Café with kitchen area, basement store, office area and WC.

The property provides the following accommodation and dimensions:
Ground Floor - Café with Kitchen Area: 85.87 sq m (924 sq ft)
Basement - Store, Office Area and WC: 44.17 sq m (475 sq ft)

Tenancy:
The property is at present let to S Verentye and D King t/a Café Kavin for a term of 7 Years from 15th November 2018 at a current rent of £11,400 per annum and the lease contains full repairing and insuring covenants. The lease provides the tenant with option to determine on the 15th November 2021 and rent deposit is held of £2,000.

Tenure:
Leasehold held for a term of 99 years from 15th December 2015 (thus having approximately 94 years unexpired) at a current ground rent of £100 per annum.

Location:
Eastbourne is a town, seaside resort and borough in the county of East Sussex on the south coast of England, 19 miles east of Brighton. The town benefits from a direct road links to London (A22) and Southampton (A27). The property is situated in a busy retail area on the periphery of Eastbourne town centre, close to the junction with Cavendish Place and the seafront.

LOCATION

Location: 74 Seaside Road, Eastbourne, East Sussex BN21 3PE

Eastbourne (0.5 miles)

Hampden Park (2.0 miles)

Pevensey & Westham (3.6 miles)

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