£105,000
(£324.07/sq. ft)
Retail premises for sale14 Sutton Road, Seaford BN25
324 sq. ft
Just added
Freehold
About this property
Town centre and seaside location
Lock up retail shop investment
Income generating £9,000 per annum
Ideal sipp investment
Description
Fantastic opportunity to acquire a long-leasehold interest of a lock up ground floor retail unit in the heart of Seaford town centre.
No. 14 is a lock up retail unit equating to approx. 324 sq ft trading as Holy Cow, which is an independent ice cream parlour with a supplementary food and drink offering. Holy Cow have been in occupation for 10 years; their current lease runs from 16th February 2025 for a term of 5 years with a mid-term tenant only break and a passing rent of £9,000 per annum exclusive.
The Head Lease of No.14 is what is available to be purchased, which enables the property to be held in a sipp. The Lease is dated 5 April 2016 for a term of 150 years, therefore expiring 3 April 2166, with a ground rent payable annually of £200.
A copy of the Head and occupational Lease is available upon request.
Location
The premises are located in a parade of shops in Sutton Road, close to the junction with Broad Street, the main shopping thoroughfare in Seaford town. The A259 coast road links Eastbourne to Brighton city centre. The railway station in Seaford town, is a short walk from the property and has train links to London and Brighton.
Fantastic opportunity to acquire a long-leasehold interest of a lock up ground floor retail unit in the heart of Seaford town centre.
No. 14 is a lock up retail unit equating to approx. 324 sq ft trading as Holy Cow, which is an independent ice cream parlour with a supplementary food and drink offering. Holy Cow have been in occupation for 10 years; their current lease runs from 16th February 2025 for a term of 5 years with a mid-term tenant only break and a passing rent of £9,000 per annum exclusive.
The Head Lease of No.14 is what is available to be purchased, which enables the property to be held in a sipp. The Lease is dated 5 April 2016 for a term of 150 years, therefore expiring 3 April 2166, with a ground rent payable annually of £200.
A copy of the Head and occupational Lease is available upon request.
Location
The premises are located in a parade of shops in Sutton Road, close to the junction with Broad Street, the main shopping thoroughfare in Seaford town. The A259 coast road links Eastbourne to Brighton city centre. The railway station in Seaford town, is a short walk from the property and has train links to London and Brighton.
Mortgage calculator
Monthly repayment
£525 per month
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