Overview
Fully Let Retail Unit and 2 x 2 Bed Flats Above Let on ASTs
The premises comprise of a high profile fully let Shop with 2 x 2 Bedroom Self Contained Flats above. Access to the purpose built Flats is via a communal passage way in Trinity Trees. The shop also benefits from rear access to the passageway.
Tenancies
Shop and Basement – £20,000 pax from 2023 on a 5 year FRI lease
Flat A let on AST - £8,400 pax
Flat 2Blet on AST - £10,200 pax
Total Annual Rent - £38,600 per annum
There is scope to increase the Rents to the Flats to circa £24,000.
Price
Offers are invited in the region of £495,000 for the freehold interest, showing a yield of 7.8%
Size
Amenities
Location
The premises are situated in the heart of the main retail area of Eastbourne being Terminus Road and the property is within a short level walk of the main Beacon Shopping Centre which has recently had a major overhaul and extension. The mainline railway station is also within a short distance as are many local and national retailers and restaurants. This particular area of Terminus Road benefits from an excellent footfall being pedestrianised with the southern end of the road benefitting from major street refurbishment due to complete Q1 2026.
Rent
Business Rates
VAT Details
VAT will not be applicable to the sale.
Legal
Each party is to be responsible for their own Legal Fees.
