360769
3, 5 & 7 Sedlescombe Road North
St. Leonards-on-Sea, TN37 7DA
| Property Type | Investment |
| Tenure | For Sale |
| Size | 6,810 sq ft |
| Price | £1,150,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Substantial Freehold Retail Investment and Development Block For Sale
Key Points
- Total current income £89,250 pa
- £1,150,000 Freehold
- ERV after outstanding rent reviews £101,000 pa
- Commercial elements over approximately 6,810 sq ft
- Development potential
- Currently let as three retail units with self contained uppers
- Businesses Unaffected
Description
Rarely available investment/development block located on busy intersection in St Leonards-on-Sea. Front and rear access available as well as scope to enhance uses within the property including additional flats.
Available area
The commercial accommodation comprises the following areas:
| Floor/Unit | Description | sq ft | sq m |
|---|---|---|---|
| Ground | No. 3 Hot Food Takeaway | 791 | 73.49 |
| Ground | No. 5 Hot Food Takeaway | 727 | 67.54 |
| Ground | No. 7 Retail | 2,572 | 238.95 |
| Ground | No. 7 Storage | 981 | 91.14 |
| 1st | No. 7 Storage | 1,739 | 161.56 |
| Total | 6,810 | 632.68 |
Location
The property is situated within the Silverhill shopping parade which serves the major part of north St Leonards, with nearby occupiers including a BP Service Station, various independent retailers and an Asda Supermarket which provides good parking.
Hastings town centre is a short distance to the south.
Viewings
Viewings strictly by prior appointment with the sole agents.
Terms
The property is available for sale Freehold at £1,150,000
VAT is not payable.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents: