36 The Goffs Eastbourne East Sussex BN21 1HD

  • 36 The Goffs<br>Eastbourne<br>East Sussex<br>BN21 1HD

36 The Goffs
Eastbourne
East Sussex
BN21 1HD

Freehold Veterinary Practice and Residential Investment

  • Comprises a veterinary practice and two separately-accessed 2-bed flats above
  • Ground floor let to Independent Vetcare Limited until February 2033 (No breaks)
  • Both flats let on ASTs (approx. 1,809 sq ft)
  • Established commercial and residential location, close to Eastbourne Railway Station and Guildredge Park
  • Nearby occupiers include Waitrose, Boots, and a number of local independent retailers
  • VAT-free investment
  • Lot
    5
  • Auction
    7th November 2024
  • Rent
    £41,540 per Annum Exclusive
  • Status
    Available
  • Guide*
    £500,000 - £525,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
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Freehold Veterinary Practice and Residential Investment

  • Comprises a veterinary practice and two separately-accessed 2-bed flats above
  • Ground floor let to Independent Vetcare Limited until February 2033 (No breaks)
  • Both flats let on ASTs (approx. 1,809 sq ft)
  • Established commercial and residential location, close to Eastbourne Railway Station and Guildredge Park
  • Nearby occupiers include Waitrose, Boots, and a number of local independent retailers
  • VAT-free investment
  • Lot 5
  • Auction 7th November 2024
  • Rent £41,540 per Annum Exclusive
  • Status Available
  • Guide* £500,000 - £525,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
17 miles west of Hasting, 23 miles east of Brighton
Roads
A22, A27, A259, M23 (Junction 10)
Rail
Eastbourne Railway Station (600 metres)
Air
London Gatwick Airport
Situation

The property is prominently situated on the north side of The Goffs (A259), in an established commercial and residential location, close to Eastbourne Railway Station (600 metres) and the town centre. Nearby occupiers include Waitrose, Boots and a number of local independent retailers.

Tenure

Freehold.

Location
Miles
17 miles west of Hasting, 23 miles east of Brighton
Roads
A22, A27, A259, M23 (Junction 10)
Rail
Eastbourne Railway Station (600 metres)
Air
London Gatwick Airport
Situation

The property is prominently situated on the north side of The Goffs (A259), in an established commercial and residential location, close to Eastbourne Railway Station (600 metres) and the town centre. Nearby occupiers include Waitrose, Boots and a number of local independent retailers.

Tenure

Freehold.

Description

The property comprises a veterinary practice arranged on the ground floor, and two separately-accessed 2-bed flats arranged on the first floor, both let on ASTs. The property benefits from 3 car parking spaces to the front of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D (Veterinary Practice). Band E (Flats)

Description

The property comprises a veterinary practice arranged on the ground floor, and two separately-accessed 2-bed flats arranged on the first floor, both let on ASTs. The property benefits from 3 car parking spaces to the front of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D (Veterinary Practice). Band E (Flats)

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
(Approx sq ft) (1)
Tenant Term Rent p.a.x. Rent Review
Ground Veterinary Practice
138.00
(1,485)
INDEPENDENT VETCARE LIMITED
(t/a Downland Veterinary Group)
15 years from 05/02/2018 (2)
£20,000
05/02/2028
First Residential - 2 bed flat
82.00
(883)
AN INDIVIDUAL AST from 20/05/2023 at £895 pcm
£10,740
-
First Residential - 2 bed flat
86.00
(926)
AN INDIVIDUAL AST from 29/01/2024 at £900 pcm
£10,800
-
Total  
306.00
(3,294)
   
£41,540
 

(1) Residential flat areas provided by the EPC register (www.gov.uk/find-energy-certificate)
(2) For the year ending 30/09/2023, Independent Vetcare Limited reported a turnover of £1,141,700,000, a pre-tax profit of £8,400,000 and a net assets of £43,200,000 (www.northrow.com). Downland Vets were established in 1946 and now trade from 12 practices across Sussex and Hampshire (www.downlandvets.co.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+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

  • Solicitors Legal Pack
    Updated Date
    30.10.24
    File Size
    30 MB
    Login to View
  • Brochure
    Updated Date
    31.10.24
    File Size
    4 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Associate AuctioneersMartin Clark 07771780708mclark@shw.co.uk
Seller's Solicitors
Russell Cooke Solicitors 2 Putney Hill
London
SW15 6AB
Aleena Shah (0)20 8394 6319Aleena.Shah@russell-cooke.co.uk

Useful Links

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

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