Overview
The Premises comprise of a corner location with a Shop which is currently trading as a Beauty Parlour.
Agreements & Income
The Shop is let to a Ms Cindy Hill on a 4 Year Term from 17th September 2023. The current Passing Rent being £7,200 per annum. The Rent increases in September 2025 until September 2026 to £7,800 per annum and then increases again in September 2026 to September 2027 to £8,400 per annum. The Rent is paid monthly in advance by Standing Order.
The Flats both being sold off on Long Leases – 55a has just been extended by 90 Years giving a balance of 152 Years to run at a Peppercorn Rent.
55b has 62 Years left to run and pays a current Ground Rent of £100 per annum.
There is a small Sinking Fund which all parties pay into for the general upkeep. Details upon request.
Size
Amenities
Location
The premises are situated in Firle Road close to the main A259 Coast Road being Seaside which is the main arterial road in and out of Eastbourne. Eastbourne Town Centre is within ½ mile with its excellent shopping facilities, Mainline Train Station and all other amenities.
Rent
Business Rates
According to the Valuation Office website the premises are described as:
Shop and premises
Rateable Value: £5,100
VAT Details
There is no VAT related to this premises
Legal
Each party is to be responsible for their own legal fees.
