FREEHOLD SHOPPING ARCADE INVESTMENT
A rare opportunity to acquire this town centre shopping arcade comprising a mix of single and double units. Known as Queens Arcade the individual units are accessed via glass covered walkway from both Queens Road and York Gardens.
Let to provide a good income, Queen’s Arcade offers an eclectic array of retailers including a confectioner, butcher, fishmonger and hairdresser. With one vacant unit the arcade is considered ideal for continued investment.
Queen’s Road is located at the heart of Hastings town centre offering easy access to Hastings seafront, mainline railway station and Priory Meadows shopping centre.
Unit 1
Lease Term
12 years from 25th March 1989.
Current Rental
£1,700 per annum.
2 Queens Avenue/7 Queens Road
Lease Term
Held on a lease from 6th November 2008 to 31st August 2017
Current Rental
One peppercorn
Assembly Room/ Dance Studio
The status of the current occupancy is subject to clarification.
Unit 4
Lease Term
20 years from 29th September 1993
Current Rental
£4,500 per annum.
Unit 6 & 8
Lease Term
7 years from 24th July 2008
Current Rental
£10,000 per annum
Unit 7
Lease Term
3 years from 5th February 2006
Current Rental
£6,800 per annum
Unit 9 & 11
Lease Term
12 years from 12th August 2019
Current Rental
£8,000 per annum
Unit 10
Lease Term
21 years from 24th June 1978
Current Rental
£3,300 per annum
Unit 12
Lease Term
3 years from 9th March 2020
Current Rental
£6,500 per annum
Unit 13
Lease Term
14 years from 9th November 1998
Current Rental
£6,000 per annum
Unit 14 & 16
Lease Term
Vacant.
Total estimated rental £65,000 per annum
Auctioneers note
The above lease terms and rental figures could not be verified prior to publication and may be subject to change. Further information is available to download from the Clive Emson website. Interested applicants are advised to make their own enquiries.
