36 Terminus Road,
Eastbourne
East Sussex
BN21 3LP

Freehold Retail Investment with Vacant Upper Floors

  • Shop let to Johnsons Cleaners UK Limited on a renewed lease expiring Dec 2025 (1)
  • Vacant 1st & 2nd floors (1,109 sq ft) with separate access and potential to convert to a 2/3 bed maisonette (3)
  • Opposite Eastbourne Railway Station and The Beacon Centre
  • VAT-free Investment
  • Lot
    3
  • Auction
    04/Nov/2021
  • Rent
    £16,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £414,000
  • Sector
    High Street Retail/Residential/Development
  • Auction Venue
    Live Streamed Auction
Important Update
  • 36 Terminus Road,, Eastbourne, East Sussex, BN21 3LP
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
21 miles east of Brighton
52 miles south of Central London
Roads
A22, A27
Rail
Eastbourne Railway Station
Air
London Gatwick Airport
Situation

The coastal resort of Eastbourne is located 21 miles east of Brighton and 52 miles south of central London. The town benefits from good communications with regular rail services to London Victoria (90 minutes) and with the A22 & A27 roads. The property is located on Terminus Road, the main retailing thoroughfare of the town, close to its junction with Ashford road and opposite Eastbourne Railway Station. The Beacon Shopping Centre, with retailers such as Boots, Next, Sainsburys & Wilko is located close by and other occupiers nearby include Subway, McDonalds, Costa and a number of local traders.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary basement accommodation. The first & second floors are separately accessed from Terminus Road. The first & second floors comprise 4 rooms and WC.

VAT

VAT is not applicable to this lot.

Planning

(3) The upper floors and the rear of the building may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested Parties are referred to www.lewes-eastbourne.gov.uk

Note

Please see link to video of 1st & 2nd floor - https://vimeo.com/630069648/d875740abe

Completion Period

6 Week Completion Available

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.x
Ground
Basement
Retail
Ancillary/Plant
Room
77.90 sq m
40.70 sq m
27.60 sq m
(838 sq ft)
(438 sq ft)
(297 sq ft)
JOHNSONS CLEANERS
UK LIMITED t/a Johnsons
Dry Cleaners (2)
5 years from
1/01/2021 (1)
£16,500
First
Second
(3)
54.40 sq m
48.50 sq m
(587 sq ft)
(522 sq ft)
VACANT
VACANT
-
-
 
Total
249.10 sq m
(2,681 sq ft)
  £16,500

(1) Tenant option to determine on 31/12/2023 upon 6 months notice.
(2) With an impressive heritage of 200 years on the High Street that dates back to 1817, nearly 200 branches nationwide as well as
180+ drop-off locations in Waitrose stores (Source : www.johnsoncleaners.com) Dry Cleaners since 1985.
(3) A draft plan to show the layout of a proposed 2/3 bedroom maisonette on the first & second floors is available in the legal pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    753 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    866 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

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
Charles Coleman LLP 28-30 Beaumont Road
Windsor
Berkshire
SL4 1JP
Nathan Kapoor 01753 861 115NK@Charles-Coleman.com

Useful Links

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