Junction Road Car Park Eastbourne East Sussex BN21 3TX

  • Junction Road Car Park<br>Eastbourne<br>East Sussex<br>BN21 3TX

Junction Road Car Park
Eastbourne
East Sussex
BN21 3TX

Substantial Freehold Car Park with Residential Re-Development Opportunity (subject to consents)

  • Comprises a 7-Storey Car Park with 1,015 Spaces
  • Site Area of Approximately 0.49 Hectares (1.21 Acres) with a Site Coverage of 68%
  • Residential Re-Development Opportunity (subject to consents)
  • Prominent Town Centre Location
  • Adjacent to Eastbourne Train Station and 100m North of The Beacon Shopping Centre
  • Nearby Occupiers including Primark, New Look, Tesco Express, Sports Direct, H&M, Cineworld, Starbucks and Boots
  • Lot
    50
  • Auction
    9th May 2024
  • Vacant Possession
  • Status
    Sold Prior
  • Price
     
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund and Eastbourne Borough Council
Important Update
  • Expand
  • Photos
  • Map

Substantial Freehold Car Park with Residential Re-Development Opportunity (subject to consents)

  • Comprises a 7-Storey Car Park with 1,015 Spaces
  • Site Area of Approximately 0.49 Hectares (1.21 Acres) with a Site Coverage of 68%
  • Residential Re-Development Opportunity (subject to consents)
  • Prominent Town Centre Location
  • Adjacent to Eastbourne Train Station and 100m North of The Beacon Shopping Centre
  • Nearby Occupiers including Primark, New Look, Tesco Express, Sports Direct, H&M, Cineworld, Starbucks and Boots
  • Lot 50
  • Auction 9th May 2024
  • Vacant Possession
  • Status Sold Prior
  • Price  
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund and Eastbourne Borough Council

Property Information

Location
Miles
23 miles east of Brighton, 17 miles west of Hasting, 60 miles south-east of Central London
Roads
A22, A27, A259, M23
Rail
Eastbourne Railway Station
Air
London Gatwick Airport
Situation

The property is prominently situated on the south side of Junction Road, approximately 200 metres east of Eastbourne Railway Station and 100 metres north of the Beacon Shopping Centre.
The immediate locality is a mix of residential and commercial property with nearby retailers including Primark, New Look, Tesco Express, Sports Direct, H&M, Cineworld, Starbucks and Boots.

Tenure

Freehold. and Long Leasehold held for a term of 99 years from 31/03/1987 at a fixed peppercorn rent.

Location
Miles
23 miles east of Brighton, 17 miles west of Hasting, 60 miles south-east of Central London
Roads
A22, A27, A259, M23
Rail
Eastbourne Railway Station
Air
London Gatwick Airport
Situation

The property is prominently situated on the south side of Junction Road, approximately 200 metres east of Eastbourne Railway Station and 100 metres north of the Beacon Shopping Centre.
The immediate locality is a mix of residential and commercial property with nearby retailers including Primark, New Look, Tesco Express, Sports Direct, H&M, Cineworld, Starbucks and Boots.

Tenure

Freehold. and Long Leasehold held for a term of 99 years from 31/03/1987 at a fixed peppercorn rent.

Description

The property comprises a substantial 7-storey car park with 1,015 parking spaces. The property has a site area of approximately 0.37 hectares (0.91 acres) with a site coverage of 68%.

Please note the car park is not currently in operation and may be suitable for residential redevelopment, Subject to consents.

VAT

VAT is applicable to this lot.

Note

The Property is subject to restrictive covenants in favour the Duke of Devonshire both of which are considered active covenants which will need to be complied with: 1. Indenture dated 25 December 1883 – not to alter the exterior of this part of the Property in any manner or erect upon the Property any new or additional buildings or erections whatsoever without the consent in writing of William Duke of Devonshire his heirs or assigns or the owners for the time being of Compton Place and not to use this part of the Property as a public house or beer shop or for carrying on any offensive trade or business 2. Indenture dated 31 December 1884 - not to alter the exterior portion of this part of the Property nor erect any additional building without the consent in writing of William Duke of Devonshire and not without the same consent to use this part of the Property as a public house beer shop or shop or for carrying on any trade or business except that of a mason or builder not permit anything which might be a nuisance injury or annoyance to any land of the said Duke adjoining or near to it or to the tenants of such land or anything which tend to deteriorate the value of such land. Part of the land (on the South West) forming part of the freehold interest owned by Eastbourne Borough Council has Possessory Title only. Eastbourne BC have made an application to upgrade the title given the length of ownership, but this application has not yet been completed

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial 7-storey car park with 1,015 parking spaces. The property has a site area of approximately 0.37 hectares (0.91 acres) with a site coverage of 68%.

Please note the car park is not currently in operation and may be suitable for residential redevelopment, Subject to consents.

VAT

VAT is applicable to this lot.

Note

The Property is subject to restrictive covenants in favour the Duke of Devonshire both of which are considered active covenants which will need to be complied with: 1. Indenture dated 25 December 1883 – not to alter the exterior of this part of the Property in any manner or erect upon the Property any new or additional buildings or erections whatsoever without the consent in writing of William Duke of Devonshire his heirs or assigns or the owners for the time being of Compton Place and not to use this part of the Property as a public house or beer shop or for carrying on any offensive trade or business 2. Indenture dated 31 December 1884 - not to alter the exterior portion of this part of the Property nor erect any additional building without the consent in writing of William Duke of Devonshire and not without the same consent to use this part of the Property as a public house beer shop or shop or for carrying on any trade or business except that of a mason or builder not permit anything which might be a nuisance injury or annoyance to any land of the said Duke adjoining or near to it or to the tenants of such land or anything which tend to deteriorate the value of such land. Part of the land (on the South West) forming part of the freehold interest owned by Eastbourne Borough Council has Possessory Title only. Eastbourne BC have made an application to upgrade the title given the length of ownership, but this application has not yet been completed

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Use Approximate Hectares (Approximate Acres) Possession
Multi Story Car Park and Parcel of Land 0.49 (1.21) VACANT POSSESSION
Total Approximate Land Area 0.49 (1.21)  

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    15.05.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Gowling WLG 4 More London Riverside
London
SE1 2AU
Denise Sexton +44 (0)20 7759 6687Denise.Sexton@gowlingwlg.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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