A Commercial Investment Producing £35,400 Per Annum with Potential to Increase the Rent

The property comprises a mid terrace retail unit arranged over lower ground, 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

Lower Ground Floor Retail Area G.I.A. Approximately 1,132 sq ft Ground Floor Retail Area G.I.A. Approximately 1,212 sq ft First Floor Retail Area G.I.A. Approximately 1,052 sq ft Second Floor Retail Area G.I.A. Approximately 454 sq ft Total G.I.A. Approximately 3,850 sq ft

Tenancy

The property is subject to a lease with The Peoples Dispensary for Sick Animals for a term of 10 years commencing 24th October 2014 at a rent of £35,400 per annum. There may be potential to increase the rent. Established in 1917, The Peoples Dispensary for Sick Animals is a veterinary charity operating across 48 Pet Hospitals in the UK. The charity has over 120 units which provide free and low-cost treatment to the pets of disadvantaged people.

We understand that the next door property (74) is let for £45,000 Per annum.

Energy Efficiency Rating (EPC)

Current Rating D

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.