Eastbourne

Unit 1, Terminus Buildings

Unit 1 Terminus Buildings, Upperton Road, Eastbourne

For Sale

Property Details

Price

£600,000

Rent

£61,000

Net Initial Yield

9.70%

Tenure

Freehold

Description

• Eastbourne is an affluent coastal town located approximately 19 miles (31km) east of Brighton, 26 miles (40km) south of Tunbridge Wells and 55 miles (87km) south of London.
• The town is a thriving tourist destination, attracting an estimated 4.9 million tourists annually.
• Eastbourne has an above average proportion of adults represented in the most affluent AB-C1 social groups.
• The property comprises a highly prominent restaurant, which has been extensively refurbished to a high specification.
• The property is fully let on a FRI lease to Eastbourne Turkuaz Limited without break until 17th June 2039 at £61,000 per annum.
• The lease is subject to an upwards only open market review on the 5th anniversary of the term.
• The property is held long leasehold for a term of 999 years from 1st June 2007 at a peppercorn rent.

Location

Contacts for this property

Graham
Graham Fawcett
07980 548852
Paddy
Patrick Kilvington
07860 625512

Sign up for property alerts

Enter your name and email address below to subscribe to our property email alerts.