Ground Floor Premises, 72 Cavendish Place, Eastbourne, East Sussex (Archive)

> Ground Floor Commercial Lock Up Shop
> Currently Let At £5,500 PA - Circa 9% Yield
> Town Centre Location - Ideal Investment Purchase

Guide Price: £60,000 Plus

Description:

Lease Details

The Lease is dated 25th May 2011 for a term of 999 years commencing from 25th March 2011.

Location

The property boasts a corner frontage and forms part of a parade of mixed commercial and residential properties that can be found on the junction of Tideswell Road. The seafront is only a short distance away together with the town centre and the Arndale Shopping Centre which offers a good array of national retailers and dining facilities. Parking is available in the area together with various travel networks and local amenities.

Accommodation

Shop Front Room, Inner Lobby with Kitchen Area, WC.

Tenancy Details

The property is currently let on a 5 year Hiring Agreement dated 4th June 2018 at £5,500 pa. A copy of this agreement will be included in the legal pack and all prospective purchasers are advised to satisfy any queries regarding the status of the tenancy prior to bidding.

Tenure

Leasehold

EPC Rating

D

Important Notice

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at. When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.