Available
Eastbourne – Grocery Shop
11 North Street, Eastbourne, East Sussex BN21 3HGVirtual Freehold Retail Investment
Price
£60,000
Rent P.A.
£6,500
Yield
10.83%
Tenure
Leasehold
Lease Term
3 Years
Years Left on Lease
1y 7m
Area
323 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- 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.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
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
Ground Floor Shop: 30 sq m (323 sq ft)
Open plan retail, storage, wc
Tenancy Description
The retail shop 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.
Tenancies & Accommodation
Location Description
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 many more.





