22 Grove Roadeastbourne, Eastbourne, BN21

The property offers a prominent mid terraced four storey building of brick block construction with part tiled elevations under a pitched tiled roof. The lower ground, ground and first floor are let to Leaders Ltd. The second floor provides a self contained one bedroom flat with access via communal stairwell with external access via the rear gated garden leading to the rear service path.

Location

The property is located within the town of Eastbourne on the South Coast of England. Eastbourne has a residential population of approximately 105,000 (Eastbourne Borough Council website) and is located at the junction of the A22, A27 and A259. The town is approximately 65 miles south of Central London, 24 miles east of Brighton and 18 miles west of Hastings. There are direct trains to London Victoria, Gatwick and Ashford International (Euro star).

Position

The property is situated on Grove Road, in an area known locally as 'Little Chelsea' which boasts a mix of uses including retail, leisure and offices. Occupiers include Tesco Express, Grove Road Doctors Medical Centre and the Town Hall alongside various independent businesses specialising in art, interior design and designer clothing. The town's new Beacon Shopping Centre and mainline railway station are within a short level walk.

VAT

The property is not elected for VAT.

Rateable Value

The shop has a rateable Value of £8,000 per annum

The Flat has a Council Tax Banding of 'A'.

Tenancies

Shop and basement let to Leaders on a 10 year lease from 1st July 2014 paying £12,750.00 pax.

One flat above are held on a rolling Assured Shorthold Tenancy paying £5,200.00 pax.

A full tenancy schedule is available on request.

Total rental income £17,950 pax

Guide Price

Offers are sought in the region of £325,000 for the freehold interest with the benefit of the tenancies and the current rental income.

Viewing

Viewing is strictly by appointment via the agents: contact Simon Hunt T: . E: