Property Type | Investment |
Tenure | For Sale |
Size | 1,101 sq ft |
Rates Payable | Upon Enquiry |
EPC Rating | This property has been graded as E (116) |
Mixed commercial and residential investment opportunity.
Commercial - dental practice arranged as 3 surgery rooms, some air conditioned, centrally heated, together with kitchen/staff room, stores, comms room and decontamination room and having a usable area of 102.7 sq m (1,101 sq ft). There is useable basement currently used for storage and housing a gas boiler. Externally to the rear there is a 2 bay garage. There are also gardens to front and rear together with off-street car parking. The premises are let to ADP Dental Company Limited for a term of 15 years from November 2011 at a rent of £20,000pa. There are rent reviews at 5th and 10th anniversary although the rent hasn’t increased over the term. The tenant is no longer trading from the premises.
Residential - 2 flats over both sold on long leases
Flat 2 – let for a term of 99 years from 1999 with the tenant paying a ground rent of £50.00pa rising to £100.00pa at 33 years and £150.00 at 66 years together with a service charge
Flat 3 – let for a term of 99 years from 1999 with the tenant paying a ground rent of £50.00pa rising to £100.00pa at 33 years and £150.00pa at 66 years together with a service charge
Offered for sale freehold, subject to the above leases. Offers sought in the region of £330,000
Occupying a prominent position on Cantelupe Road in the centre of Bexhill. Dental surgery over ground floor and basement, currently let, together with 2 flats over, both sold on long leases, offered for sale. There are delightful gardens to both the front and rear together with a 2 bay garage and off-street car parking.