2 - 4 Susans Road Eastbourne East Sussex BN21 3HA

2 - 4 Susans Road
Eastbourne
East Sussex
BN21 3HA

Freehold Retail and Residential Investment

  • Two Retail Units with Four Residential Flats
  • 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
    £12,200 per Annum Exclusive
  • Status
    Sold
  • Price
    £115,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Two Retail Units with Four Residential Flats
  • 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.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    90 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    492 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
029 2046 4347
David Farmer 029 2047 7887davidfarmer@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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