36 The Goffs Eastbourne East Sussex BN21 1HD

36 The Goffs
Eastbourne
East Sussex
BN21 1HD

Freehold Veterinary Practice and Residential Investment

Comprises a veterinary practice and two separately-accessed 2-bed flats above
Ground floor let to Independent Vetcare Limited until February 2033 (No breaks)
Both flats let on ASTs (approx. 1,809 sq ft)
Established commercial and residential location, close to Eastbourne Railway Station and Guildredge Park
Nearby occupiers include Waitrose, Boots, and a number of local independent retailers
VAT-free investment

Lot
5
Auction
7th November 2024
Rent
£41,540 per Annum Exclusive
Status
Sold
Price
£500,000
Auction Venue
Live Streamed Auction

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Freehold Veterinary Practice and Residential Investment

Comprises a veterinary practice and two separately-accessed 2-bed flats above
Ground floor let to Independent Vetcare Limited until February 2033 (No breaks)
Both flats let on ASTs (approx. 1,809 sq ft)
Established commercial and residential location, close to Eastbourne Railway Station and Guildredge Park
Nearby occupiers include Waitrose, Boots, and a number of local independent retailers
VAT-free investment

Lot 5
Auction 7th November 2024
Rent £41,540 per Annum Exclusive
Status Sold
Price £500,000
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 17 miles west of Hasting, 23 miles east of Brighton
Roads: A22, A27, A259, M23 (Junction 10)
Rail: Eastbourne Railway Station (600 metres)
Air: London Gatwick Airport

Situation

The property is prominently situated on the north side of The Goffs (A259), in an established commercial and residential location, close to Eastbourne Railway Station (600 metres) and the town centre. Nearby occupiers include Waitrose, Boots and a number of local independent retailers.

Tenure

Freehold.

Location

Miles: 17 miles west of Hasting, 23 miles east of Brighton
Roads: A22, A27, A259, M23 (Junction 10)
Rail: Eastbourne Railway Station (600 metres)
Air: London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a veterinary practice arranged on the ground floor, and two separately-accessed 2-bed flats arranged on the first floor, both let on ASTs. The property benefits from 3 car parking spaces to the front of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D (Veterinary Practice). Band E (Flats)

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D (Veterinary Practice). Band E (Flats)

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Veterinary Practice	138.00	(1,485)	INDEPENDENT VETCARE LIMITED (t/a Downland Veterinary Group)	15 years from 05/02/2018 (2)	£20,000	05/02/2028
First	Residential - 2 bed flat	82.00	(883)	AN INDIVIDUAL	AST from 20/05/2023 at £895 pcm	£10,740	-
First	Residential - 2 bed flat	86.00	(926)	AN INDIVIDUAL	AST from 29/01/2024 at £900 pcm	£10,800	-
Total		306.00	(3,294)			£41,540

(1) Residential flat areas provided by the EPC register (www.gov.uk/find-energy-certificate)
(2) For the year ending 30/09/2023, Independent Vetcare Limited reported a turnover of £1,141,700,000, a pre-tax profit of £8,400,000 and a net assets of £43,200,000 (www.northrow.com). Downland Vets were established in 1946 and now trade from 12 practices across Sussex and Hampshire (www.downlandvets.co.uk).

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.