37-38 Queens Road

Hastings, TN34 1RE

37-38 Queens Road, Hastings, Investment / Retail For Sale - IMG_0099.JPEG
37-38 Queens Road, Hastings, Investment / Retail For Sale - IMG_0100.JPEG
37-38 Queens Road, Hastings, Investment / Retail For Sale - IMG_0102.JPEG
37-38 Queens Road, Hastings, Investment / Retail For Sale - IMG_0099.JPEG
37-38 Queens Road, Hastings, Investment / Retail For Sale - IMG_0100.JPEG
37-38 Queens Road, Hastings, Investment / Retail For Sale - IMG_0102.JPEG
Under Offer
Property Type Investment / Retail
Tenure For Sale
Size 1,418 to 2,856 sq ft
Price £390,000
Business Rates Upon Enquiry
Energy Performance Rating This property has been graded as C (70)

Freehold Bank Investment

Key Points

  • £33,000 per annum
  • £390,000 Freehold
  • Santander UK Plc
  • 8.5% yield
  • New Lease
  • Hastings Town Centre
  • Prominent Position
  • EPC Band C

Available area

The accommodation comprises the following areas:

Floor/Unit Sq ft Sq m
Ground 1,438 133.59
1st 1,418 131.74
Total 2,856 265.33

Location

The property occupies a prominent trading position on the east side of Queens Road, located opposite the 290,000 sq ft Priory Meadow Shopping Centre, which offers 1,000 parking spaces and anchor tenants including Marks & Spencer, H&M and Boots. Notable occupiers within the immediate vicinity include Specsavers, Pizza Express and Holland & Barrett.

Terms

The investment is for sale at £390,000 Freehold subject to existing lease.

VAT is not payable.

Viewings strictly by appointment with Sole Agents.

Lease Information

The property is let by way of a full repairing and insuring lease for a term of 5 years from 25 November 2022 at a rent of £33,000 per annum. There is a tenant only break option at the third anniversary of the lease subject to a £8,250 penalty.