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56/58 Terminus Roadeastbourne, Eastbourne, BN21

Retail for rent

-
£70,000
Per annum
SOA
Space

These two A1 shop properties are directly opposite the Beacon shopping centre with the new Cinema and Restaurant complex (under construction) in Eastbourne, and also clearly visible from Eastbourne Train Station main entrance. They form adjacent lock-up shops in what will soon be the prime location in Eastbourne outside of the redevelopment. They could be combined to create a double unit if so desired subject to the usual consents.

Both properties have glazed frontage and rear access onto Station Street. They are currently trading (as Shelter and South Coast Gifts) and are fitted out with fluorescent lighting, AC units, rear storage areas and rear WCs.

The properties have three flats above all sold on long leases - top floor flat accessed from the rear and 1st-floor flats accessed from Terminus Road. There is potential expansion space into the basement of 58 Terminus Road of approximately 600 sq. ft subject to creation of stair access.

Lease

Available on new full repairing and insuring leases or on a single lease on terms to be agreed direct with the landlord. Current occupation is on three months' notice.

Rent

The quoting rent for each unit is:

56 Terminus Road:

£70,000 per annum exclusive

58 Terminus Road:

£75,000 per annum exclusive

Rates

According to the Valuation Office website, the properties are described as follows:

56 - Shop and Premises:

Current Rateable Value of £21,250

Payable for the year ending 31st March 2020 = £10,433.75

58 - Shop and Premises:

Current Rateable Value of £23,250

Payable for the year ending 31st March 2020 = £11,415.75

It is advised that you contact the Local Rating Authority for confirmation of the actual amount payable.

Legal Costs

Each Party is to be responsible for their own legal fees.

Viewings

Both units are currently open and trading.

We understand staff are unaware that these units may be available.

For further information please contact the agent:

Mike Tingley

T: M: E:

Subject to contract sh/hc/05/19

Listed Features

  • Shopping Centre
  • Use Class - A1
  • Basement
  • Glazed Frontage
  • Multiple floors
  • No FRI Lease
  • Office
  • Restaurant
  • Storage
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Property Marketed By
Hunt Commercial Property Ltd