A wonderful opportunity to acquire this seafront corner property arranged as ground floor café premises with four flats above.
Three of the flats are included within the sale, two of which are tenanted and one offered with vacant possession, the remaining flat has been sold on a long lease. While Flat 2 is currently let at £4,861.92 per annum and Flat 1 is let at £5,148 per annum it is considered that both flats may offer potential for a rental increase at the end of their terms.
Situated close to 'The White Rock' theatre and Hastings pier the property offers unspoilt sea views from the front of the building and is within close proximity to Hastings town centre, local shops, amenities and Hastings mainline Railway station offering regular services across the coast and to London.
Ground Floor
Commercial Premises
Entrance to open plan seating area with serving counter, seating area, meeting room, store room, kitchen, utility area and two W.C.s.
Tenancy
Let on a three year Licence from 1st February 2020 (due to expire on 31st January 2023) at a current rental of £8,000 per annum.
First Floor
Flat 4
Entrance hall, utility cupboard and airing cupboard, open plan living room/fitted kitchen and two bedrooms and bathroom with W.C.
Tenancy
Vacant.
Second Floor
Flat 3
Sold on a 99 year lease from the 11th September 1989 at a current ground rental of £75 per annum.
Third Floor
Flat 2
Entrance, living room with recessed kitchen, bathroom with W.C and bedroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £405.16 per calendar month.
Fourth Floor
Flat 1
Entrance, living room with recessed kitchen, bathroom with W.C, bedroom and box room/walk in wardrobe
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £429 per calendar month.