141, Terminus Road Eastbourne East Sussex BN21 3NR

141, Terminus Road
Eastbourne
East Sussex
BN21 3NR

Freehold Retail Investment

Entirely let to The Edinburgh Woollen Mill Limited
Situated immediately adjacent to Marks & Spencer and The Arndale Shopping Centre
Prime Town Centre Location
Nearby occupiers include Debenhams, Marks & Spencer, Ladbrokes and Laura Ashley
Six Week Completion

Lot
13
Auction
23rd May 2013
Rent
£108,000 per Annum Exclusive
Status
Sold
Price
£1,080,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On Behalf of The Co-operative Estates

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Freehold Retail Investment

Entirely let to The Edinburgh Woollen Mill Limited
Situated immediately adjacent to Marks & Spencer and The Arndale Shopping Centre
Prime Town Centre Location
Nearby occupiers include Debenhams, Marks & Spencer, Ladbrokes and Laura Ashley
Six Week Completion

Lot 13
Auction 23rd May 2013
Rent £108,000 per Annum Exclusive
Status Sold
Price £1,080,000
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On Behalf of The Co-operative Estates

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 in a prominent position on the northern side of Terminus Road, directly opposite Debenhams Department Store and immediately adjacent to Marks & Spencer and the Arndale Shopping Centre, which houses retailers such as Primark, New Look, Topshop and Carphone Warehouse.

Tenure

Freehold.

Location

Miles: 22 miles east of Brighton, 62 miles south of London
Roads: A259, A22
Rail: Eastbourne Rail
Air: London Gatwick

Situation

Tenure

Freehold.

Description

The property comprises a ground and first floor retail unit, with a self-contained 3 bedroom residential flat on the second floor which is accessed from the rear.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground and first floor retail unit, with a self-contained 3 bedroom residential flat on the second floor which is accessed from the rear.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second	Retail Retail/Ancillary Residential – 3 Bedroom Flat	194.72 sq m (2,096 sq ft) 208.10 sq m (2,240 sq ft) Not measured		THE EDINBURGH WOOLLEN MILL LIMITED (1)	20 years from 16/10/1996 on a full repairing and insuring lease	£108,000	15/10/2016
Totals		402.82 sq m	(4,336 sq ft)			£108,000

(1) For the year ending 25th February 2012, The Edinburgh Woollen Mill Limited reported a turnover of £161,693,000, pre-tax profits of £24,770,000 and a total net worth of £169,156,000. (Source: www.riskdisk.com 28/03/2013)