A substantial building located within easy reach of Eastbourne town centre with its various local and national retailers and the mainline railway station, the seafront and further amenities.
The property comprises two commercial units and a two-bedroom flat currently producing £28,140 per annum along with a further commercial unit and flat which have been sold on 125 year leases producing a total ground rent of £200 per annum.
50 Grove Road
Ground Floor
Dining area and kitchen.
Lower Ground Floor
Two store rooms, kitchen and W.C.
Tenancy
Let under the terms of 5 year lease from 23rd August 2019 at a current rental of £6,000 per annum.
50A Grove Road - Residential
Council Tax Band B
Ground Floor
Private entrance.
First Floor
Hallway, living room, kitchen, two bedrooms and a bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at £845 per calendar month.
52 Grove Road
Ground Floor
Seating area.
Lower Ground Floor
Kitchen and two W.C's.
Outside
Courtyard seating area.
Tenancy
Let on a 10-year lease from 21st August 2017 at a current rental of £12,000 per annum.
54 Grove Road - Commercial
Tenure
Let on the terms of a 999 year lease from 24th June 1993 at a current ground rent of £100 per annum.
54 Grove Road - Residential
First Floor Flat
Tenure
Remainder of a 999-year lease from 24th June 1993 at a current ground rent of £100 per annum.