Retail property (high street)

Rooms

Location
The property enjoys a prominent town centre location of mixed development, being less than a quarter of a mile from Eastbourne seafront with its famous Victorian Pier, Wish Tower Slope and carpet gardens and is therefore conveniently well placed for various other nearby local shopping facilities and bus routes. The property is also within approximately a quarter of a mile from Eastbourne town centre where there are extensive shopping facilities including the Beacon Shopping Centre with new cinema, theatre district and the mainline railway station (London, Victoria approximately 80 minutes).

Accommodation
The premises comprises of: UPVC double glazed main front door to: MAIN FRONT SHOP SPACE: Approximately 16’4 x 11’4. Radiator. Wood laminate flooring. Large double glazed shop front. SECONDARY MAIN OFFICE SPACE: Approximately 11’11 x 9’3. Radiator. Wood laminate flooring. INNER OFFICE: Approximately 12’3 x 7’4. Radiator. Wood laminate flooring. LARGE REAR OFFICE / STORE AREA: Approximately 21’8 x 6’7. Two radiators. Wood laminate flooring. UPVC double glazed door leads out to the small rear courtyard. STYLISH FITTED KITCHEN: Approximately 10’10 x 7’10. Modern contoured work-surface with inset single draining stainless steel sink unit with mixer tap, having a range of white gloss drawers and cupboards under. Attractive partly tiled walls and vinyl type flooring. Radiator. STYLISH CLOAKROOM / WC: Modern white suite comprising a dual flush push button W...

Income
Expected annual shop rent £10,000 - £11,000. Ground rent from the two flats above generates an additional £100 per annum

Tenure
Freehold. Title number EB8813

EPC
Available Upon Request (Rating D).

Rateable Value
The current rateable value is £6,200 (1 April 2023 to present). Sourced by VOA.

Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.