Property for Auction in London - [Print Version]

Auction Date:

Wed 06/12/2023

Start Time

08:45

Property Type:

Other

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

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.

Tenure

Freehold

Location Map