Lot 71: FREEHOLD COMMERCIAL INVESTMENT

Commercial Investment - Eastbourne Area
Commercial Investment - Eastbourne Area
Commercial Investment - Eastbourne Area
Commercial Investment - Eastbourne Area
Commercial Investment - Eastbourne Area
Commercial Investment - Eastbourne Area
Floor Plan
Sold After

A well presented mixed residential and commercial investment comprising ground floor retail unit currently producing £13,200 per annum and a first floor flat sold on a long lease at a peppercorn rent.

Situated at the eastern edge of this parade of shops, this spacious property occupies a prominent position on the corner of Brassey Avenue and Edgeland Terrace. Refurbished in 2014 and then let to Aspens, a Kent-based charity, for a term of 10 years from August 2014, the 1,000 sq.ft. ground floor is arranged as front retail space with sorting and distribution centre to the rear. We have been informed by the landlord that the tenant has a 100% payment history.

Brassey Avenue offers a variety of other local shops and amenities within Hampden Park along with Hampden Park mainline railway station which is about 100 yards away.

Ground Floor

Entrance into open plan retail area. Kitchen, staff cloakroom and open-plan storage/sorting area with double loading doors.

Energy Performance Certificate

The EPC shows an energy rating of E.

Tenancy

Let on an FRI lease for the term of 10 years from 26th August 2014 at a current rental of £13,200 per annum.

First Floor Flat

Tenure

Sold on a 125 years lease from 25th December 2005 at a peppercorn rent.

Commercial EPC: E