Retail premises for sale

113-115 Seaside Road, Eastbourne BN21

Description

A prominent corner freehold building comprising a fully fitted restaurant at ground floor level and commercial space at basement level, previously used as a nightclub. The ground floor space is recently let whilst the basement space is vacant. The freehold also contains 7 flats above, all sold off by way of long leases with 5 having less than 70 years remaining on their terms.

Location

The property is situated on the corner of Seaside Road/ A259 and Queens Gardens, which runs south to Eastbourne Seafront. Eastbourne town centre and station are a short walk west with the pier and beach to the south. Nearby occupiers include The Royal Hippodrome Theatre, Tesco Express, Seafront Tandori in additional to an array of independent and national occupiers.

Terms

Offers are invited in the region of £350,000 for the freehold interest with vacant possession the basement space & subject to the lease of the ground floor & the leases in place of the 7 flats above.

Tenancy

The ground floor space is let to Gheego Limited by way of a lease from December 2026 for a term of 5 years on an effective full repairing & insuring basis at a rent of £17,500 per annum exclusive. The landlord holds a 3 month rent deposit.

Aml

Potential purchasers will be required to provide appropriate identification in line with anti money laundering regulations. Searches will be carried out at the cost of £50 plus VAT per person requiring.