Available
Eastbourne – Cafe
74 Seaside Road, Eastbourne, East Sussex BN21 3PELeasehold Shop Investment
Price
£145,000
Rent P.A.
£12,480
Yield
8.61%
Tenure
Leasehold
Lease Term
6 Years 11 Months
Years Left on Lease
6y 7m
Area
1,399 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises a ground floor café with ancillary accommodation at basement
- Let until November 2029 (no breaks). Rent reviews in 2025 and 2028
- Situated in a busy retail area on the periphery of Eastbourne town centre, close to the junction with Cavendish Place and the seafront with occupiers nearby including Tesco and Asterix Gym amongst others.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property is arranged as Ground Floor Café with kitchen area, basement store, office area and WC, providing the following accommodation and dimensions:
Ground Floor: 85.87 sq m (924 sq ft)
Café with Kitchen Area:
Basement: 44.17 sq m (475 sq ft)
Store, Office Area and WC:
Ground Floor: 85.87 sq m (924 sq ft)
Café with Kitchen Area:
Basement: 44.17 sq m (475 sq ft)
Store, Office Area and WC:
Tenancy Description
The property is at present let to an Individual for a term of 6 Years and 11 Months from 2nd December 2022 at a current rent of £12,480 per annum and the lease contains full repairing and insuring covenants. Rent review in December 2025 and 2028 (open market). No breaks. Deposit held of £2,040.
Tenure:
Long leasehold. Held on a 999 year lease from 15th June 2015 at a ground rent of peppercorn.
Tenure:
Long leasehold. Held on a 999 year lease from 15th June 2015 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Eastbourne is a town, seaside resort and borough in the county of East Sussex on the south coast of England, 19 miles east of Brighton. The town benefits from a direct road links to London (A22) and Southampton (A27). The property is situated in a busy retail area on the periphery of Eastbourne town centre, close to the junction with Cavendish Place and the seafront.
