Overview
INVESTMENT FOR SALE - Shop and 2 Bed Flat (Flat to be sold with Vacant Possession)
The Premises comprise of a Lock Up Shop which has recently been Let at an Annual Rental of £11,500 per annum.
The Flat is accessed via a rear access and comprises of a door leading to the Ground Floor Kitchen, with stairs leading to Bedroom 1 then 3 small steps to self-contained WC/Shower Room, Lounge and Bedroom 2. The Flat is in excellent decorative order with new carpeting, Heating and Lighting and the Roof has recently been replaced.
Size
Amenities
Location
The Premises are situated in Seaside on the main A259 Coast Road in and out of Eastbourne where there are both a number of national and local operators. Eastbourne Town Centre is within ½ mile with its Mainland Railway Station, Beacon Shopping Centre, the Theatres and many other amenities.
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
Price
Offers are invited in the region of £225,000 for the Freehold Interest with the benefit of the income from the Ground Floor Shop and a vacant 2 Bedroom 1st Floor Flat.
Shop Lease Details
The Shop is currently Tenanted to a Mr Hardi Rahim who is trading as a Vape and Mini-Mart, held on a 5 Year Lease From and including 1st May 2026 to 31st May 2031 with Tenant Only Break Clause at Year 3 and Rent Review at Year 3. 3 month’s Rent Deposit is held by the Landlord.
Flat Details
The Flat is to be sold with Vacant Possession.
Utilities
In terms of Utilities, there is one Gas and Electric Meter for the entire building and the costs are split on a 50/50 basis with the Tenant. However, please note there is no Gas in the Shop.
