Lot 89 Freehold Commercial InvestmentAuction Date:
8th February 2023
6-6A Gildredge Road, Eastbourne, East Sussex, BN21 4RL
Currently let at £49,100 per annum
Situated in the heart of Eastbourne town centre this prominent corner property is ready for immediate investment. Producing £49,100 per annum the property is currently arranged as office space over all floors. The lower floors have their own private access from Gildredge road while the upper floors currently used as consultation rooms, have their own self-contained access from Station Road. The property also has off road parking at the front and side.
Let to a variety of tenants, two of which are on 10 years leases the property offers versatile accommodation with potential for reconfiguration in the future.
Eastbourne is located on the South coast between Brighton which is 23 miles to the West and Hastings 20 miles to the East. The property is in close proximity to a wide variety of local shops and amenities along with Eastbourne mainline railway station providing services along the coast and to London.
Gildredge Road is an established mixed commercial and residential area of the town and one of the main thoroughfares. The property is considered ideal for continued investment.
Ground Floor
6A Gildredge Road
Entrance, reception area, open plan office with partitioned internal meeting room, kitchen/storage area, rear office with access, separate male and female W.C’s.
Tenancy
Let for the term of 10 years from 31st May 2022 at a current rental of £18,000 per annum.
6 Gildredge Road
Ground and Part First Floor
Entrance into office/reception area, staircase leading to:
First Floor
Office with door to communal W.C’s.
Tenancy
Let for the term of 10 Years from 25th December 2019 at a current rental of £9,500 per annum.
6 & 6A Gildredge Road
First Floor and Second Floor Suites 1,2,3 & 4
Each room is open plan with communal W.C’s on the second floor landing. We are advised that the landlord is responsible for utility bills and cleaning for the upper floors.
Tenancy
Suite 1 is let for the term of 1 year from 1st October 2022 at a current rental of £5,400 per annum. Suite 2 is let for the term of 1 year from 1st April 2022 at a current rental of £5,400 per annum. Suite 3 is let for the term of 1 year from 1st September 2022 at a current rental of £5,400 per annum. Suite 4 is let for the term of 1 year from 1st July 2022 at a current rental of £5,400 per annum.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
