Freehold Retail Investment with Vacant Upper Floors
Shop let to Johnsons Cleaners UK Limited on a renewed lease expiring Dec 2025 (1)
Vacant 1st & 2nd floors (1,109 sq ft) with separate access and potential to convert to a 2/3 bed maisonette (3)
Opposite Eastbourne Railway Station and The Beacon Centre
VAT-free Investment
Lot 3
Auction 4th November 2021
Rent £16,500 per Annum Exclusive
Status Sold
Price £414,000
Sector High Street Retail, Residential, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
21 miles east of Brighton
52 miles south of Central London
Roads
A22, A27
Rail
Eastbourne Railway Station
Air
London Gatwick Airport
Situation
The coastal resort of Eastbourne is located 21 miles east of Brighton and 52 miles south of central London. The town benefits from good communications with regular rail services to London Victoria (90 minutes) and with the A22 & A27 roads. The property is located on Terminus Road, the main retailing thoroughfare of the town, close to its junction with Ashford road and opposite Eastbourne Railway Station. The Beacon Shopping Centre, with retailers such as Boots, Next, Sainsburys & Wilko is located close by and other occupiers nearby include Subway, McDonalds, Costa and a number of local traders.
Tenure
Freehold.
Location
Miles
21 miles east of Brighton
52 miles south of Central London
Roads
A22, A27
Rail
Eastbourne Railway Station
Air
London Gatwick Airport
Situation
The coastal resort of Eastbourne is located 21 miles east of Brighton and 52 miles south of central London. The town benefits from good communications with regular rail services to London Victoria (90 minutes) and with the A22 & A27 roads. The property is located on Terminus Road, the main retailing thoroughfare of the town, close to its junction with Ashford road and opposite Eastbourne Railway Station. The Beacon Shopping Centre, with retailers such as Boots, Next, Sainsburys & Wilko is located close by and other occupiers nearby include Subway, McDonalds, Costa and a number of local traders.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary basement accommodation. The first & second floors are separately accessed from Terminus Road. The first & second floors comprise 4 rooms and WC.
VAT
VAT is not applicable to this lot.
Planning
(3) The upper floors and the rear of the building may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested Parties are referred to www.lewes-eastbourne.gov.uk
The property comprises a ground floor shop with ancillary basement accommodation. The first & second floors are separately accessed from Terminus Road. The first & second floors comprise 4 rooms and WC.
VAT
VAT is not applicable to this lot.
Planning
(3) The upper floors and the rear of the building may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested Parties are referred to www.lewes-eastbourne.gov.uk
JOHNSONS CLEANERS UK LIMITED t/a Johnsons Dry Cleaners (2)
5 years from 1/01/2021 (1)
£16,500
First Second
(3)
54.40 sq m 48.50 sq m
(587 sq ft) (522 sq ft)
VACANT VACANT
- -
Total
249.10 sq m
(2,681 sq ft)
£16,500
(1) Tenant option to determine on 31/12/2023 upon 6 months notice. (2) With an impressive heritage of 200 years on the High Street that dates back to 1817, nearly 200 branches nationwide as well as 180+ drop-off locations in Waitrose stores (Source : www.johnsoncleaners.com) Dry Cleaners since 1985. (3) A draft plan to show the layout of a proposed 2/3 bedroom maisonette on the first & second floors is available in the legal pack.
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.
Contacts
Seller's Solicitors
Charles Coleman LLP 28-30 Beaumont Road Windsor Berkshire SL4 1JP
