The modern premises were originally purpose built for the retail sale of DIY and garden centre products, and are currently occupied by East Sussex County Council as a public library (which will shortly move to a smaller unit within the centre). Approached from the main covered precinct, or via separate entrance from its own customer car park, the premises comprise two intercommunicating bays, with eaves height of 13’6 and 17’.
Location
Forming part of a well-known shopping centre in the seaside town of Peacehaven, which is situated to the east of the Brighton/Hove conurbation. The A259 coast road is nearby. There are large customer car parks and regular bus services serving the Centre.
Occupiers include a 25,000 sqft Co-op supermarket, various other Co-op brands, Peacocks, Betfred, various independent retailers and the offices of Peacehaven Town Council. There is an adjoining leisure centre, industrial estate and school.
Accommodation
The accommodation is arranged as follows
Ground Floor - Originally open plan retail/showroom area including small loading bay, currently fitted as library, meeting rooms and ancillary areas - in all 10,450 sq ft (970 sq m)
Mezzanine - Formerly retail, currently arranged as staff room/storage, male and female WCs - in all 2,270 sq ft (210 sq m)
Total Floor Area - 12,720 sq ft (1,182 sq m)
Exterior - Fenced site, formerly hardstanding, display and parking for garden centre, currently part landscaped with remainder as parking and loading area - approx. 30,000 sq ft (1,858 sq m)
Terms
Rateable Value - £XXX (library and premises)
EPC Rating - C
The premises are held on an existing lease for a term of 125 years from 1 April 1983 at a present ground rental of £XXX per annum, exclusive, subject to rent reviews at 7 yearly intervals (assessed to 15% of rack rental value excluding mezzanine.
The premises are being offered TO LET at a guide rental of £XXX per annum, exclusive. Alternativley, our client will consider a sale of their long leasehold interest - offers invited on this basis.