Attractive period building close to the seafront
Size 140.06 sq m (1,507 sq ft)
The property is situated in a prominent position on the western side of Carlisle Road located between the town, seafront and Beachy Head.
Carlisle Road is a busy local retail parade opposite the main slipway to the beach and Wish Tower. The Road is a mix of retailers and restaurants.
A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
We understand the property is within a conservation area.
Rents and prices are quoted exclusive of, but may be subject to VAT.
The property comprises an attractive traditional terraced building. The property also benefits from a
substantial frontage and dual entrances.
The upper parts comprise of 10 self-contained flats that have all been sold on long leases.
The property has the following approximate:
Ground floor - 1,014 sq ft - 94.20 sq m
Lower ground floor - 493 sq ft - 45.86 sq m
Total1,507 sq ft - 140.06 sq m
Business Rates / Council Tax Band
The rateable value to the vacant commercial element under the 2017 rating list is £18,750.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (firstname.lastname@example.org).
We understand the property to have an EPC rating of E(111).
Each party to bear their own legal costs incurred.
Our client is selling the freehold interest with offers invited in the region of £385,000, subject to 10 x 125 year leases dated 2015 paying a combined £2,000 ground rent per annum.
The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £28,000 per annum exclusive of rates, building insurance, service charge, heating, lighting etc.
*Subject to vacant possession of commercial unit by way of lease expiry on 17/11/2021.
( Agency Pilot Software Ref: 3966 )