For Sale

6 - 6A Gildredge Road,
Eastbourne,
East Sussex,
BN21

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Investment, Offices

2,440 Sq Ft (226.68 Sq M)

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Features
  • Established, central and popular commercial and residential location
  • Within 100 metres of the station and 750 metres of the seafront
  • Versatile accommodation
  • Prominent corner location
  • The Beacon shopping centre located a short distance to the north east
  • Gross rent when fully let - £49,100 per annum

Location

Eastbourne is an established seaside town - with a population of approx 104,000 - on the East Sussex coast. Brighton & Hove is located approx 20 miles to the west, Hastings approx 13 miles to the east and Tunbridge Wells approx 25 miles to the north.

The A27 is the main south coast road and the A22 the main road do the north. Both link with Eastbourne approx 4 miles to the north of Eastbourne town centre.

The property is located on the east side, and towards the northern end, of Gildredge Road on the junction with Station Street.

Eastbourne Station is located within 100 metres to the north. There are regular direct services to London with a journey time of approximately 1 hour 30 minutes.
The seafront is within 750 metres to the east of the property.
Terminus Road is just 50 metres to the north of the property. Terminus Road is the principle retail centre of Eastbourne and home to the Beacon Shopping centre - home to a variety of retail, food & beverage and entertainment operators.

Description

Prominent freehold office & professional services investment
For sale with offers in the region of £625,000

Accommodation

The property comprises an end of terrace corner building with accommodation arranged over 3 floors.

The ground floor comprises 2 self-contained lock up commercial units used and suitable for retail, office, professional services uses.

The upper floors benefit from their own self-contained access (as well as access from No. 6) and are arranged as 4 suites suitable for office / consulting room use.

To the side (north) of the property there is space to park 1 vehicle.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

VAT

Rents and prices are quoted exclusive of, but may be subject to VAT.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

Freehold - subject to the leases summarised

For sale with offers invited in the region of £625,000 (six hundred and twenty five thousand pounds).
A purchase price at £625,000 represents a Net Initial yield of 7.45% on a rent of £49,100 per annum (when fully let).

Rateable Value / Council Tax Band

The building has the following rateable values under the 2017 rating:
6 - Part ground and part 1st floor £5,000
6 - First floor front £2,800
6 - First floor rear £3,000
6 - Second floor front £1,875
6 - Second floor rear £2,350
6a - £10,500

Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).

Energy Performance Rating

6 - To be assessed.
6A - D

Andrew Halfacree

01273 740385 Email

Aaron Lees

01273 740387 Email

Will Thomas

01273 740398 Email