Commercial Property
Commercial Property:
The Durlings Acquisition Service
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Commercial Property
Investment
We have various cash rich funds continually seeking a wide range of investment property - in all sectors - irrespective of lot size.
Please call to discuss if you are considering a disposal.
Property: 22-24 Eastbourne Road - Pevensey Bay - Eastbourne - ESussex - For Sale
- Postcode:
- BN24 6FT
- Location:
- Pevensey Bay
- Property Type:
- Retail / Residential Investment
- Price:
- Offers invited in excess of - £175,000
- Gross Yield 8.44% (before purchase costs)
- Tenure:
- Freehold
This mixed use property comprises two lock up shops - an off licence and a take-away (A5 usage) - and two self contained flats over the first and second floors, together with rear vehicular access..
ACCOMMODATION AND TENANCY SCHEDULE:
No 20 - Ground : Retail (not measured)
Lease of 250 years from January 2011 RENT £125 pax (doubling every 25th year)
No 20 - Upper Parts : Residential - 2 bedroomed flat
Tenancy (AST) to June 2012 RENT £650 pcm
No 22 - Ground : Retail/Takeaway, 342 sq ft (31.75m), ITZA, 284 sq ft (26.40msq)
Lease expires June 2020 RENT £6,750 PAX
No 22- Upper Parts : Residential - 2 bedroomed flat
Lease of 99 years from June 2006 RENT £100 PAX
TOTAL CURRENT INCOME - £14,775 PAX.