Property photos
Just added
£70,000
(£216.72/sq. ft)
Retail premises for sale
North Street, Eastbourne BN21323 sq. ft
Local area information
Property location
Nearby amenities
- Bourne Primary School 0.3 miles
- Eastbourne 0.4 miles
- Anderida Learning Centre (SEN) 0.5 miles
- Hampden Park (Sussex) 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Eastbourne to find out more about the local area.
Features and description
Investment Consideration:
Gross Initial Yield: 9.53%
Rental Income: £6,670 p.a.
VAT is not applicable to this property
Comprises ground floor shop t/a grocery store and residential flat above (sold-off)
Situated in the heart of the town centre with occupiers nearby including Café, Hair Salon, Takeaway`s, Gallery and many more.
Property Description:
The property comprises mid-terrace ground floor shop and self-contained flat at first/second floor which has been sold-off on long leasehold, providing the following accommodation and dimensions:
Ground Floor Shop: 30 sq m (323 sq ft)
Open plan retail, storage, wc
First/Second Floor Flat: Sold-off
Tenancy:
The retail shop is at present let to an Individual for a term of 3 years from 5th August 2024 at a current rent of £6,500 p.a. And the lease contains full repairing and insuring covenants. Tenant option to determine in August 2026 with minimum 6 months notice. Deposit held of £1,625.
The residential flat has been sold-off to Individuals for a term of 99 Years from 1st January 2002 at a ground rent of £170 p.a. Rent review in 2035 and 2068. Reversion in 2101 (~75 years remaining).
Location:
Eastbourne is a large and popular resort town on the East Sussex coast, between Brighton and Hastings. The A27 provides east/west connections whilst the A22 links with the M25 (J6) to the north. Eastbourne Rail Station is 10 min walk from the property and provides regular services to London Victoria (1hr 31mins) & London Gatwick Airport. The property is situated in the heart of the town centre with occupiers nearby including Café, Hair Salon, Takeaway`s, Gallery and many more.
Gross Initial Yield: 9.53%
Rental Income: £6,670 p.a.
VAT is not applicable to this property
Comprises ground floor shop t/a grocery store and residential flat above (sold-off)
Situated in the heart of the town centre with occupiers nearby including Café, Hair Salon, Takeaway`s, Gallery and many more.
Property Description:
The property comprises mid-terrace ground floor shop and self-contained flat at first/second floor which has been sold-off on long leasehold, providing the following accommodation and dimensions:
Ground Floor Shop: 30 sq m (323 sq ft)
Open plan retail, storage, wc
First/Second Floor Flat: Sold-off
Tenancy:
The retail shop is at present let to an Individual for a term of 3 years from 5th August 2024 at a current rent of £6,500 p.a. And the lease contains full repairing and insuring covenants. Tenant option to determine in August 2026 with minimum 6 months notice. Deposit held of £1,625.
The residential flat has been sold-off to Individuals for a term of 99 Years from 1st January 2002 at a ground rent of £170 p.a. Rent review in 2035 and 2068. Reversion in 2101 (~75 years remaining).
Location:
Eastbourne is a large and popular resort town on the East Sussex coast, between Brighton and Hastings. The A27 provides east/west connections whilst the A22 links with the M25 (J6) to the north. Eastbourne Rail Station is 10 min walk from the property and provides regular services to London Victoria (1hr 31mins) & London Gatwick Airport. The property is situated in the heart of the town centre with occupiers nearby including Café, Hair Salon, Takeaway`s, Gallery and many more.
More information
Listed by
Blue Alpine Partners
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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.