Lot 84: RESIDENTIAL AND COMMERCIAL INVESTMENT OPPORTUNITY

Sold £176,000

Located in a mixed residential and commercial area, the property is situated along a busy thoroughfare within close proximity to the Arndale Shopping Centre, Eastbourne town centre and seafront.

The building is currently arranged as a ground floor shop, which is let on a 12 year lease and a two bedroom flat on the first floor offering separate street access, double glazed windows and gas heating system. The flat has been let on an Assured Shorthold Tenancy Agreement to the same tenant since 2005.

Commercial

Ground Floor

Sales area, two further rooms and utility room.

Outside

Rear garden.

Tenancy

Let under the terms of a commercial lease for a term of 12 years from 16th March 2006 at a current rental of 5,500 per annum.

Flat

Ground Floor

Private entrance.

First Floor

Hallway, living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of 575 per calendar month.

Residential EPC: D
Commercial EPC: G