Business Summary

SITUATION AND DESCRIPTION

The subject property is located on the northern side of the A259 South Coast Road being approx. 5 miles to the east of Brighton and approx. 10 miles to the west of Eastbourne.

The building currently comprises retail premises arranged over the ground floor area and 2 flats (1x2 bed & 1x3 bed) over 1st floor.

The property has recently been granted full planning consent (under application LW/11/1360) to extend the building to create 2 new 1 bedroom flats at the rear of the ground floor to be incorporated within the existing structure and an extension to the frontage of the south elevation to create new office/studio accommodation at ground floor.

Additionally consent is granted for the creation of a 3 bedroom penthouse apartment at 2nd floor level which will benefit from direct sea views.

PLANNING

Please refer to Lewes District Council, Planning Register LW/11/1360

ACCOMMODATION (PROPOSED)

Office 1,264 sq ft / 117.5 sq m
Flat 3 545 sq ft / 50.7 sq m
Flat 4 480 sq ft / 44.6 sq m
Flat 5 1,076 sq ft / 100 sq m

TENURE

Freehold with vacant possession

PRICE

Offers invited for the benefit of the freehold interest

RATEABLE VALUE £20,500

U.B.R 2013/2014: Payable: 46.2% (if eligible for small business rate relief), otherwise 47.1%.

Interested parties should enquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable. Parties should also make enquiries concerning the implications of the small business allowance.

LEGAL FEES

Each party to be responsible for their own legal costs.

ENERGY PERFORMANCE CERTIFICATE

EPC attached.

VIEWING & FURTHER DETAILS

Strictly by appointment through Ellis and Partners on 01273 771393 with whom all negotiations will be handled.

Email [email protected]

Property Details

Other Business Details