Available
Bexhill-on-Sea – Vacant Retail & Ground Rent
33 Devonshire Road, Bexhill-on-Sea TN40 1AHFreehold Vacant Retail & Residential Ground Rent Investment
Price
£250,000
Rent P.A.
ERV: £20,000
Tenure
Freehold
Area
1,495 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £20,000 p.a. GIY: 8.00%
- Retail unit suitable for variety of uses (Class E)
- Comprises retail premises arranged over ground floor and basement
- Includes maisonette at first and second floor which has been sold-off
- Situated within short walk from Bexhill Station with occupiers nearby include Subway, Iceland, Boots, Holland & Barret and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor retail premises with ancillary accommodation at basement previously t/a Spa Centre. The property includes a maisonette at first and second floor, which has been sold-off on long leasehold, providing the following accommodation and dimension:
Ground Floor: 82 sq m (882 sq ft)
Open plan reception, 4 rooms, kitchen, wc
Basement: 57 sq m (613 sq ft)
2 treatment rooms, 2 staff rooms
First/Second Floor Maisonette: Sold-off
Total Commercial GIA: 139 sq m (1,495 sq ft)
Ground Floor: 82 sq m (882 sq ft)
Open plan reception, 4 rooms, kitchen, wc
Basement: 57 sq m (613 sq ft)
2 treatment rooms, 2 staff rooms
First/Second Floor Maisonette: Sold-off
Total Commercial GIA: 139 sq m (1,495 sq ft)
Tenancy Description
The retail premises is at present vacant. ERV: £20,000 p.a. The maisonette has been sold on long leasehold for a term of 125 years from 30th March 1987 at a ground rent of peppercorn. Reversion 2112 with approx. 85 years unexpired.
Tenancies & Accommodation
Location Description
Bexhill-on-Sea is a popular holiday and retirement destination located on the south coast of England, approximately 5 miles west of Hastings and 12 miles north-east of Eastbourne. The town is served by the A259 which links to the A21 at Hastings to the east and the A27 to the west leading to Eastbourne. The property is situated within short walk from Bexhill Station with occupiers nearby include Subway, Iceland, Boots, Holland & Barret and many more.
