Retail premises for sale in Claremont, Hastings TN34

Investment Consideration:
Rental Income: £1,000 p.a.
Erv: £ 13,000 p.a. Giy: 10.83%
VAT is not applicable to this property
Comprises retail premises at ground floor and basement with 4 flats above which have been sold-off
Property benefits from seafront location, within 8 min walk from Hastings Train Station, with retail occupiers nearby including hair salon, café, takeaways and more.

Property Description:
Comprises ground floor shop with ancillary at basement and four self-contained flats above (sold-off), providing the following accommodation and dimensions:
Ground Floor: Open plan retail, Storage, Office
Basement: 5 Rooms, 2 WCs
First-Fourth Floors: 4 Flats (sold-off)
Retail area size 120 sq m (1,292 sq ft)

Tenancy:
The retail shop is at present vacant. Erv: £12,000 p.a.
Flat 1 has been sold-off for a term of 99 Years from 12th December 2017 at a ground rent of £250 p.a.
Flat 2 has been sold-off for a term of 99 Years from 29th October 2018 at a ground rent of £250 p.a.
Flat 3 has been sold-off for a term of 99 Years from 11th October 2018 at a ground rent of £250 p.a.
Flat 4 has been sold-off for a term of 99 Years from 27th July 2017 at a ground rent of £250 p.a.

Location:
Hastings is a seaside town and borough in East Sussex on the south coast of England, 24 mi (39 km) east of Lewes and 53 mi (85 km) south-east of London. The property benefits from seafront location, within 8 min walk from Hastings Train Station and occupiers nearby including hair salon, café, takeaways and more.