Overview
Description
The premises comprises an end of terrace two storey concrete framed Retail Premises benefitting from a prominent corner position with extensive return frontage. Access to the property is from Langney Road via a retail entrance and a private access road to the rear of the property where Loading/Parking Bays are located.
The property is currently fitted out as a Charity Shop with Ground Floor Retail area totalling 5,722 sq ft which is mainly all clear space, with small Office and Staff WCs. There is rear access to the Car Parking Area.
There is both an internal staircase and rear staircase leading to further Retail and Office space at the First Floor which totals 5,800 sq ft and includes a Kitchenette.
At present the property is occupied by St Wilfred’s Hospice who have a Lease expiring in August 2028 and are currently paying a Rental of £70,000 per annum exclusive of Rates and all other outgoings.
St Wilfred’s Hospice have advised they will be vacating the property at the end of their Lease Term, although early possession can be achieved if required.
Planning
The current Planning consent is for User Class E, however, our client had Plans previously drawn up for 47 Flats in 2021, but an application was never submitted.
Details produced for the Residential Conversion can be viewed here:
https://www.ashfordhouse.org/
Size
Amenities
Location
The building itself is on the corner of Langney Road and Cavendish Place which is within a short level walk of the newly pedestrianised Town Centre, along with the entrance to the Beacon Shopping Centre where all major Retailers are situated, including Sainsburys, Marks & Spencer, Primark, Cru, Whitestuff and Sports Direct to name but a few.
There are several Car Parks within the Town namely, the Beacon Multi Storey Shopping Centre, Eastbourne Railway Station, Trinity Place Multi Storey and various other On Street Parking areas.
Eastbourne is a well-established Coastal Town in East Sussex, strategically located on the South Coast of England. The Town benefits from excellent road links via the A22 providing access to the M25 and wider motorway network, together with the A27 connecting Eastbourne to Brighton, Lewes and other key coastal centres.
Eastbourne offers a diverse local economy, an established Commercial and Retail Sector, and a substantial Residential catchment. The Town benefits from a Mainline Railway Station providing regular services to London, making it an attractive location for Businesses, Investors, Developers and occupiers seeking a combination of regional connectivity and a coastal setting.
Eastbourne serves a substantial local and regional catchment, with a resident population of approximately 104,000 people and wider East Sussex Catchment area with a population of approximately 562,000 Residents.
Rent
Business Rates
According to the Valuation Office website the premises are described as:
Shop and premises
Rateable Value: £54,000
Estimated Rates Payable: £25,920
VAT Details
VAT is applicable to the Sale.
Legal
Each party is to be responsible for their own Legal Fees.
Terms
Price
Our clients are seeking offers in the region of £695,000 for the Freehold Interest of the Premises with the benefit of the Lease, or alternatively Vacant Possession can be achieved if required.
The property will be of interest to both Owner Occupiers, Developers and Investors.
