Overview
Freehold Part Vacant Retail Investment
The property offers a prominent four storey corner positioned building of brick block construction with part tiled elevations under a pitched tiled roof. The ground floor offers 2 Shops. 41 South Street is Let, and 1 -2 Calverley Walk is currently vacant. The vacant unit has the benefit of subdividing if required and has an external WC.
The Upper Parts form 2 Flats which have been sold off on a Long Leasehold
Tenancy Details
Size
Amenities
Location
The property is located within the town of Eastbourne on the South Coast of England. Eastbourne has a residential population of approximately 105,000 (Eastbourne Borough Council website) and is located at the junction of the A22, A27 and A259. The town is approximately 65 miles south of Central London, 24 miles east of Brighton and 18 miles west of Hastings. There are direct trains to London Victoria, Gatwick and Ashford International (Eurostar).
Position
The property is situated on South Street, in an area known locally as ‘Little Chelsea’ which boasts a mix of uses including retail, leisure and offices. Occupiers include Co-op Funeral Care, Tesco Express and a variety of independent traders specialising in art, interior design, designer clothing, beauty amongst many other uses. The town centre Beacon Shopping Centre and mainline railway station and bus station are a few hundred yard to the north.
Rent
Business Rates
VAT Details
The property is not elected for VAT.
Legal
Each party to be responsible for their own legal fees
Terms
Proposal We are instructed to seek offers in the region of £225,000 for the freehold subject to the various leases.
