A Commercial Investment Let to Amplifon Producing £36,000 Per Annum with Potential to Increase the Rent

The property comprises a mid terrace retail unit arranged over ground and two upper floors.

Tenure

Freehold

Location

The property is situated on Terminus Road to local shops and amenities. Nearby multiples include McDonalds, Barclays and HSBC. The open spaces of Gildredge Park are within easy reach. Transport links are provided by Eastbourne rail station.

Accommodation

Ground Floor Retail Area G.I.A. Approximately 1,266 sq ft First Floor Retail Area G.I.A. Approximately 1,117 sq ft Second Floor Retail Area G.I.A. Approximately 463 sq ft Total G.I.A. Approximately 2,846 sq ft

Tenancy

The property is subject to a lease with Amplifon Ltd for a term of 10 years commencing 30th November 2016 at a rent of £36,000 per annum. Amplifon Ltd is an Italian multinational company that specializes in hearing care solutions. The company operates across more than 9,200 specialist centres in over 25 countries and had an annual turnover of £25,915,000 and a pre-tax profit of £1,489,000 in 2022.

We understand that 74 Terminus is let to KFC for £45,000 Per annum.

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.