Town Centre Freehold Retail Investment with large vacant 3 bedroom flat
Town Centre Freehold Retail Investment with large vacant 3 bedroom flat
Seaford is a popular tourist destination on the East Sussex coast, with a resident population of approximately 20,000 and located 9 miles west of Eastbourne and 11 miles east of Brighton. The town is served by the A239 coast road and benefits from regular rail services to Brighton, Gatwick and London (Victoria).
The property is situated in the town centre location on Broad Street, the main retail thoroughfare of the town, close to its junction with High Street.
Occupiers close by include Co-op (diagonally opposite) Boots, WHSmith and a variety of local traders.
Freehold.
Seaford is a popular tourist destination on the East Sussex coast, with a resident population of approximately 20,000 and located 9 miles west of Eastbourne and 11 miles east of Brighton. The town is served by the A239 coast road and benefits from regular rail services to Brighton, Gatwick and London (Victoria).
The property is situated in the town centre location on Broad Street, the main retail thoroughfare of the town, close to its junction with High Street.
Occupiers close by include Co-op (diagonally opposite) Boots, WHSmith and a variety of local traders.
Freehold.
The property comprises two ground floor shops with a large self-contained 3 bedroom flat at first floor. The flat is separately accessed from the rear.
VAT is not applicable to this lot.
Six Week Completion
See legal pack at www.acuitus.co.uk
The property comprises two ground floor shops with a large self-contained 3 bedroom flat at first floor. The flat is separately accessed from the rear.
VAT is not applicable to this lot.
Six Week Completion
See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Retail | 78.2 sq m |
(842 sq ft) |
SUSSEX EYECARE LIMITED with a guarantee from D. McGee t/a Sussex Eyecare Opticians (1) |
10 years from 21/03/2003 |
£15,500 | (Holding Over) (2) |
| Ground | Retail | 84.3 sq m |
(907 sq ft) |
ST WILFRID'S HOSPICE (EASTBOURNE) t/a St Wilfrids Hospice (3) |
10 years from 21/07/2019 (4) |
£19,000 | 22/07/2024 (4) |
| First | Residential | 3 Bedrooms |
VACANT | - | - | - | |
| Total Commercial Area |
162.50 sq m |
(1,749 sq ft) plus a three bed flat |
£34,500 | ||||
(1) Established in 1997 (www.sussexeyecare.co.uk)
(2) Terms have just been agreed with the tenant to take a new 10 year lease, with no breaks, at a commencing rent of £17,000 p.a, with an upwards only rent review at year 5.
(3) St Wilfrids Hospice are a Charity and trade from 6 shops in the local area (www.stwhospice.org)
(4) The lease is subject to a tenant only option to determine on 21/07/2024.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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