Overview
Investment Opportunity comprising of Retail Premises + 2 Bed Flat
The premises comprise of a Ground Floor Shop currently trading as a Bathroom & Kitchen Retailer who has been there for many years. The Ground Floor Shop has a small Kitchenette and Toilet area having rear access to a small Yard. Above the Shop is a Flat comprising 2 Bedrooms with Kitchen, Lounge, Ensuite Shower and separate Toilet.
Tenancies
The Ground Floor Shop is Let to Homes, Kitchen and Bathrooms Ltd on a 10 Year Lease from 25th August 2025 having a Tenant Break in 2029 and 2032 with Rent Reviews every 5th Year, with the Current Passing Rent being £9,500 per annum.
The Flat has been Let for many years on an AST with the Current Rental being £12,000 per annum.
TOTAL ANNUAL RENT - £21,500
Size
Amenities
Location
The premises are situated in Westham High Street which is a small Village located approximately 5 miles from Eastbourne and is a popular area.
The High Street is mainly made up of Residential Units although there is a very popular Fish & Chip Shop, small Convenience Store, Tea Room and Beauty Salon and this particular property occupies a prominent corner location.
Westham has a Mainline Railway Station servicing Eastbourne, Brighton, Hastings and London.
Westham also has an Industrial Area where Mercedez Benz have their main Showroom and Workshop Areas.
Rent
Business Rates
VAT Details
VAT is not applicable to the Sale.
Legal
Each party is to be responsible for their own Legal Fees
Terms
Offers are invited in the region of £300,000 for the Freehold Interest with the benefit of the Income.
