Under Offer

TypeRetail Investments · Assured Shorthold Tenancies · Flat in Commercial · Development - Residential

BN21 43 South Street, Eastbourne

TenureFor sale

43 South Street, Eastbourne, BN21 1/19

Specification

Building size
Building size 7,323 sqft
Property type
Property type Retail Investments · Assured Shorthold Tenancies · Flat in Commercial · Development - Residential
Tenure
Tenure For sale

Description

Striking corner building set over four floors built in 1899 with brick construction faced elevations with decorative mouldings.

Arranged as basement storage, ground floor retail, first floor offices, and two 2-bedroom flats on the second floor.

The basement, ground, and first floors are all let to Dignity Funerals Ltd.

The second floor is divided into two 2-bedroom flats, both let on AST's.

Location

The subject property is located in a busy and sought-after retailing area just south of Eastbourne Town Centre in the 'Little Chelsea' district, approximately half way along South Street, on the corner of the junction of Calverley Walk & South Street.

The area comprises a retail pitch with a very high occupancy rate of predominantly mixed use including shops, pubs/restaurants, offices, and residential accommodation.

Amenities

Mixed use freehold investment and residential development opportunity

Offers in excess of £795,000 (no VAT)

Rents reserved £71,340 PAX reflecting 8.51% net yield

Commercial tenant entity has shareholders funds of £192,000,000 and were incorporated in 1894

Two large 2 bedroom flats recently refurbished

Busy and sought-after retailing area in the 'Little Chelsea' district

Striking corner building set over four floors built in 1899 with over 7,323 sq ft of accommodation

Virtual tours available

Further information accessible in the Data Room

Map