0 Bed Retail Property (high Street) For Sale

Investment Consideration:

Gross Initial Yield: 9.29%

Rental Income: £6,500 p.a.

VAT is NOT applicable to this property

Comprises ground floor shop t/a grocery store

Situated in the heart of the town centre with occupiers nearby including Café, Hair Salon, Takeaway`s, Gallery and many more.



Property Description:

The property comprises mid-terrace ground floor shop, providing the following accommodation and dimensions:

Ground Floor Shop: 30 sq m (323 sq ft)

Open plan retail, storage, wc



Tenancy:

The property is at present let to an Individual for a term of 3 years from 5th August 2024 at a current rent of £6,500 p.a. and the lease contains full repairing and insuring covenants. Tenant option to determine in August 2026 with minimum 6 months notice. Deposit held of £1,625.



Location:

Eastbourne is a large and popular resort town on the East Sussex coast, between Brighton and Hastings. The A27 provides east/west connections whilst the A22 links with the M25 (J6) to the north. Eastbourne Rail Station is 10 min walk from the property and provides regular services to London Victoria (1hr 31mins) & London Gatwick Airport. The property is situated in the heart of the town centre with occupiers nearby including Café, Hair Salon, Takeaway`s, Gallery and more.