The property comprises a prominent four storey corner building.
The two ground floor retail units are occupied by Evapo and Bread & Brew.
The first, second and third floors comprise three flats, all three beds, let on AST's.
Location
Eastbourne is located 22 miles (35 km) east of Brighton, 33 miles south-east of Gatwick Airport & Crawley, 12 miles ( km) west of Hastings and 24 miles (km) south of Tunbridge Wells. Eastbourne has a resident population of 103,745. 198-200
Terminus Road is situated on the western side of Terminus Road at the junction with Trinity Street in the established retail area of the town. Nearby occupiers include British Heart Foundation, Best One, WRAS, Moshulu and Oxfam. Terminus Road is part pedestrianised.
Accommodation
198 - Ground Floor 376 sqft
198 - Basement 386 sqft
200 - Ground Floor 403 sqft
200 - Basement 419 sqft
First Floor Flat 710 sqft
Second Floor Flat 710 sqft
Terms
Terms and price on application.
VAT We are advised that VAT is not chargeable on the rental outgoings.
TENURE 710 1,505 Freehold subject to the following tenancies:
TENANCIES 37 39 66 66 66 139.5 198 Terminus Road Lease for a term of 3 years expiring 23rd May 2028. Passing rent £22,000 per annum exclusive. 200 Terminus Road Lease dated March 2022 for a term of 7 years. Passing rent £22,000 per annum exclusive. Flat 1 is let on an AST tenancy from 11th March 2020 at a current rent of £1,100 per calendar month. Flat 2 is let on an AST tenancy from 4th August 2015 at a current rent of £1,100 per calendar month. Flat 3 is let on an AST tenancy from 28th February 2025 at a current rent of £1,250 per calendar month.
Specification
- Prominent Terminus Road location
- Total rental income £85,400 per annum
- Two retail units let to Evapo and Brew & Bread Three 3 bed flats let on AST’s