37-38 Queens Road
Hastings, TN34 1RE
| 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.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents:
