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.