Under Offer

Property Type	Investment / Retail
Tenure	For Sale
Size	10,750 sq ft
Price	£750,000
Business Rates	To be Confirmed
Energy Performance Rating	This property has been graded as D (93)

A town centre retail market of 30 units/pitches available For Sale

Location

The market can be accessed either from the junction of Waldegrave Street and South Terrace opposite the main Priory Meadow Shopping Centre. Alternatively it is accessed via Cornwallis Street to the rear.

Key Points

• Long standing market
• Includes managers offices
• Hastings town centre
• For Sale at £750,000
• Potential gross income circa £100,000pa
• Weekly Rent (Sep 20) £1,840.00
• 5 Units vacant as at Sep 20

Available area

Description	Sq ft	Sq m
Gd Fl Units	6,915	642.42
1st Fl Units	3,010	279.64
1st Fl Office	420	39.02
2nd Fl Store	400	37.16
Total	10,745	998.24

Terms

The Investment is For Sale at £750,000

Agents Note

Rents range from £16 per week to £143 per week. The weekly rents received as at 1st September 2020 was £1,840.50

The rents include buildings insurance, water rates and maintenance. The tenants are responsible for their own business rates and electricity use.

We understand the Investment is held under a number of titles one of which is Long Leasehold. We understand this is a 999 year lease from 1921 with a 5p per annum sound rent if demanded. Further details are available by request.