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Freehold Retail/Office Investment, 22 Cornfield Road, Eastbourne, BN21 4QE

not specified / Retail / Mixed Use

For Sale - £750,000.00

Under Offer - Last updated: 09 December 2022

Freehold property arranged as a ground floor retail unit with basement, total area of approximately 213 sq m.
On the upper floors are offices with separate access.
 
The entire building is let to Done Brothers (Cash Betting) Limited (co. number 1277703) on a 20 year lease from 16th July 1999. The lease expired in July 2019 and the tenants are holding over on F.R.I terms. Rental income £51,516 per annum (last review July 2014).
 
The upper floor offices extend to 144m2 (plans available upon request).
The ground floor extends to circa 85 sq.m. (ITZA 708 sq.ft).
There is an extensive basement which extends to approximately 87 sq.m.
 

Location

The property is situated on a prominent corner position at the junction of Cornfield Road is situated in central Eastbourne and is surrounded by an array of independent traders, restaurants and coffee shops. There is also larger commercial users close by including Pizza Express and The Co-op. At the top of the road is The Beacon Shopping centre.

Accommodation

Floor plans to upper parts available on request
 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers In The Region Of For Sale Freehold £750,000.00 NA

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Contact agents

Adam Hinchliffe

Austin Gray

01273 068382



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