For Sale

224 & 224A South Coast Road,
Peacehaven,
East Sussex,
BN10

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Investment, Retail and Leisure

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Features
  • Investment opportunity
  • Situated on South Coast Road
  • Shop & separate self-contained 2-bedroom flat
  • Garden to rear
  • Combined income of £20,900

Location

The property is situated on the northern side of the busy A259 South Coast Road in Peacehaven.

The main commercial retail thoroughfare in Peacehaven on the South Coast is about a mile to the east and include a Sainsbury's convenience store, Barclays Bank, numerous estate agents and other local based businesses and amenities serving the surrounding area.

Peacehaven is approximately 6 miles east of Brighton city centre.

Location pin (what3words) : repeated.treatable.able
https://what3words.com/repeated.treatable.able

Description

Mixed Freehold Investment
Offers Invited in the region of £425,000

Accommodation

The property comprises a detached brick built building with a self-contained shop on the ground floor and separate 2-bedroom flat on the first floor which is accessed at the rear. There is a rectangular rear garden to the rear.


The retail unit - 224 South Coast Road - comprises open plan sales area with WC's and a kitchenette to the rear.


The residential flat - 224a South Coast Road - comprises 2 double bedrooms, kitchen, lounge and bathroom. With use of the rear garden.

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

For sale with offers invited in the region of £425,000 (four hundred and twenty five thousand pounds).

Freehold.

The shop is let by way of a 11-year lease dated 14/09/2015 currently paying £12,500 per annum with a rent review dated 14/09/2022.

The flat becomes vacant at the end of September 2022.

Rateable Value / Council Tax Band

The retail unit rateable value 2017: £10,500
The residential flat council tax: B

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

Energy Performance Rating

The retail unit - TBC.
The residential flat - TBC.

Will Thomas

01273 740398 Email

Aaron Lees

01273 740387 Email