This three storey period property occupies a prominent corner location in the heart of the sought-after Meads district of Eastbourne at the junction of Matlock Road and Meads Street. It is trading as a wine merchants and is held on a 10-year lease at a passing rent of £12,500 per annum.
The investment is located in a good trading location in this secondary commercial throughfare with the area represented by multiples including Co-op, Tesco Express and a variety of independent local traders. There are excellent road links to the seafront, town centre and all surrounding areas via the nearby A27.
Ground Floor
Retail unit.
Basement
Store.
Tenancy
Let on a 10-year fully repairing and insuring lease from September 2022 at a passing rent of £12,500 per annum with a rent review and tenants break at the 5th year anniversary.
Tenure
Remainder of a 999-year lease from 16th October 2014 at a peppercorn ground rent.