Short walk from Terminus Road and Arndale Shopping Centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 52
Auction 8th December 2016
Rent
Status Sold
Price £115,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
22 miles east of Brighton, 62 miles south of London
Roads
A259, A22
Rail
Eastbourne Rail
Air
London Gatwick
Situation
The property is situated on the southern side of Susans Road (A259), just off the busy Seaside Road and within a short walk of the retailing pitch of Terminus Road and the popular Arndale Shopping Centre. Nearby occupiers include T J Hughes Department Store and a number of independent retailers.
Tenure
Freehold.
Location
Miles
22 miles east of Brighton, 62 miles south of London
Roads
A259, A22
Rail
Eastbourne Rail
Air
London Gatwick
Situation
The property is situated on the southern side of Susans Road (A259), just off the busy Seaside Road and within a short walk of the retailing pitch of Terminus Road and the popular Arndale Shopping Centre. Nearby occupiers include T J Hughes Department Store and a number of independent retailers.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with four residential flats.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with four residential flats.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit No.
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
2
Ground
Retail
52.30 sq m
(563 sq ft)
INDIVIDUAL t/a Pizza Hot 4 U
15 years from 18/11/2004
£6,500
(17/11/2019)
4
Ground
Retail
47.47 sq m
(511 sq ft)
INDIVIDUAL t/a Keyif Takeaway
5 years from 01/03/2013
£5,500
01/03/2016 (1) (28/02/2018)
2 - Flat 1
Residential
INDIVIDUAL
99 years from 25/12/1985
£50
24/12/2084
2 - Flat 2
Residential
INDIVIDUAL
99 years from 25/12/1985
£50
24/12/2084
4 - Flat 1
Residential
INDIVIDUAL
99 years from 25/12/1985
£50
24/12/2084
4 - Flat 2
Residential
INDIVIDUALS
99 years from 25/12/1985
£50
24/12/2084
Total Approximate Commercial Areas
99.77 sq m
(1,074 sq ft)
£12,200
N.B. The seller has served notices on the residential lessees under Section 5B of the Landlord and Tenant Act 1987. (1) The 2016 rent review is outstanding.