Overview
Prominent Town Centre Premises with Useable Basement – 994 sq ft (92.33 sq m)
The premises forms part of a mid terrace building and comprises a Ground Floor Office, Retail Area, Rear Office, Kitchenette and WC with a usable Basement. There is lighting throughout, Wooden Flooring and Electric Heaters.
Size
Amenities
Location
Thepremises are situated in the town centre in Cornfield Lane, just off SouthStreet, being on the main ring road. Eastbourne’s mainline railway station andshopping area are within a short level walk.
Rent
Assignment of existing Lease - £11,000pa
Business Rates
According to the Valuation Office website the premises are described as:
Shop and premises]
Current Rateable Value: £8,800
100% Small Business Rates Relief may be available subject to the status of the tenant. It is advised that you contact the Local Rating Authority for confirmation of the actual amount payable.
VAT Details
VAT is not applicable to this premises
Legal
Each party is to be responsible for their own Legal Fees in terms of the Lease Assignment.
Terms
Lease Terms - A 10 Year Effective Full Repairing and Insuring Lease from the 30th March 2017 with no further Review and the current Passing Rent is £11,000 per annum exclusive of Rates and all other outgoings.
Maintenance and Service Charges
The Tenant is responsible for 20% of the Repairs and Maintenance of this particular block – further details on request.
