FREEHOLD RESTAURANT & LEISURE SPACE WITH LONG LEASE FLATS ABOVE FOR SALE IN EASTBOURNE
Summary
- OFFERS INVITED IN THE REGION OF £350,000
- CHARACTER BUILDING ON THE EDGE OF EASTBOURNE TOWN CENTRE
- CORNER PREMISES
- X2 VACANT COMMERCIAL UNITS
- X7 FLATS, SOLD OFF BY WAY OF LONG LEASES
- CLOSE TO EASTBOURNE TOWN CENTRE AND SEAFRONT
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Basement | 2,708 | 251.58 |
| Ground | 2,862 | 265.89 |
| Total | 5,570 | 517.47 |
Location
The property is situated on the corner of Seaside Road/ A259 and Queens Gardens, which runs south to Eastbourne Seafront. Eastbourne town centre and station are a short walk west with the pier and beach to the south. Nearby occupiers include The Royal Hippodrome Theatre, Tesco Express, Seafront Tandori in additional to an array of independent and national occupiers.
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Mainline Stations
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Eastbourne10 mins
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Hampden Park (Sussex)39 mins
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Pevensey and Westham68 mins
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Pevensey Bay78 mins
Underground Station
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Caterham753 mins
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Whyteleafe South778 mins
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Knockholt782 mins
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Upper Warlingham785 mins
Further Information
Price Offers in the region of £350,000
Rates Payable £18,463 per annum The basement space sits below the threshold for small business rate relief & as such could qualify for 100% small business rate relief subject to status.
EPC Rating This property has been graded as B
Description
A prominent corner freehold building comprising a fully fitted restaurant at ground floor level and commercial space at basement level, previously used as a nightclub. Both commercial spaces are vacant and have rear access. The freehold also contains 7 flats above, all sold off by way of long leases with 5 having less than 70 years remaining on their terms.
Terms
Offers are invited in the region of £350,000 for the freehold interest with the benefit of vacant possession of the 2 commercial elements & the leases in place of the 7 flats above.
AML
Potential purchasers will be required to provide appropriate identification in line with anti money laundering regulations.
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