Saxon Chambers

6-8 London Road, St Leonards on Sea, East Sussex, TN37 6AE

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Property Type Investment
Availability For Sale
Size 3,847 sq ft
Price £650,000
Business Rates To be confirmed
Energy Performance Rating Upon enquiry

A fully let mixed use commercial and residential investment

Location

The property is situated on the western side of London Road a short distance from St Leonards seafront. Kings Road and the St Leonards Warrior Square mainline railway station is located a short walk to the north.

Key Points

  • Central St Leonards location
  • Close to seafront and promenade
  • Fully Let
  • For Sale at £650,000 Freehold
  • Rental income of £50,955pa
  • Includes 4x flats let on ASTs
  • Corner Plot

Unit 1

Currently let to John Clements trading as M&W Sales and Lettings at a rent of £5,500pa. The lease has expired and they are holding over.

Unit 2

Currently let to Jill Nicolaou at a rent of £8,580pa. The lease expires 31st March 2026

Unit 3

The Love Cafe Company Limited at a rent of £9,875pa. The lease expires 4th March 2022 with a tenants break at 5th February 2020.

Residential Accommodation

First Floor Flat 1 - A 2-Bedroom Flat with lounge, kitchen/diner, 2 bedrooms, bathroom and separate WC. Let on AST at £7,800pa Second Floor Flat 2 - A 1-Bedroom Flat comprising kitchen and diner, bedroom and bathroom. Let on AST at £6,000pa Second Floor Flat 3 - A 1-Bedroom Flat with combined kitchen/lounge/diner, bedroom and bathroom with WC. Let on AST at £5,400pa Second Floor Flat 4 - A 2-Bedroom Flat which comprises kitchen/lounge/diner, bathroom with WC, and two bedrooms. Let on AST at £7,800pa