Offers over
£350,000
(£100.09/sq. ft)
Retail premises for sale12-14 Broad Street, Seaford BN25
3,497 sq. ft
EPC Rating: D
Freehold
About this property
Freehold Investment Opportunity
Currently producing £26,554.68 Per Annum
Approximately 3,497 Sq Ft
Potential For Re-Configuration / Development In The Future
Viewing Highly Recommended
Description
The substantial end of terrace property is arranged over 3 floors and has a rear courtyard style garden with access leading out onto Croft Lane. The property is currently being used as a pharmacy, with the main trading area being on the ground floor, and the upper floors being used as offices, prep areas, and storage purposes. We feel that the premises has excellent future potential in terms of converting the upper parts into residential, subject to planning and should they become vacant in the future.
Location
The property is situated within Seaford Town Centre, with nearby occupiers including Boots, WHSmith, Cancer Research UK, Halifax, Superdrug, Card Factory and Tesco Express. There are also many other independent retailers, cafes, restaurants and office type occupiers nearby. Seaford mainline railway station is approximately 0.2 miles away from the property.
Terms
The property is available freehold subject to the below mentioned Tenancy.
The property is let to L. Cameron & Son Limited on an fr&I Lease subject to a Schedule of Condition, for a term of 15 years from 1st August 2019 - 31st July 2034 with no break clause rights. The current passing rent is £26,554.68 Per Annum, with rpi index rent reviews at every 5th year anniversary date - the next review date is August 2029. A full copy of the lease is available to serious applicants upon request.
Floorplans
Floorplans are available upon request.
Business Rates
According to the voa website, the property has a Rateable Value of £29,750.
Price & VAT
Offers in Excess of £350,000.
Please note that the building sale will not be subject to VAT.
The substantial end of terrace property is arranged over 3 floors and has a rear courtyard style garden with access leading out onto Croft Lane. The property is currently being used as a pharmacy, with the main trading area being on the ground floor, and the upper floors being used as offices, prep areas, and storage purposes. We feel that the premises has excellent future potential in terms of converting the upper parts into residential, subject to planning and should they become vacant in the future.
Location
The property is situated within Seaford Town Centre, with nearby occupiers including Boots, WHSmith, Cancer Research UK, Halifax, Superdrug, Card Factory and Tesco Express. There are also many other independent retailers, cafes, restaurants and office type occupiers nearby. Seaford mainline railway station is approximately 0.2 miles away from the property.
Terms
The property is available freehold subject to the below mentioned Tenancy.
The property is let to L. Cameron & Son Limited on an fr&I Lease subject to a Schedule of Condition, for a term of 15 years from 1st August 2019 - 31st July 2034 with no break clause rights. The current passing rent is £26,554.68 Per Annum, with rpi index rent reviews at every 5th year anniversary date - the next review date is August 2029. A full copy of the lease is available to serious applicants upon request.
Floorplans
Floorplans are available upon request.
Business Rates
According to the voa website, the property has a Rateable Value of £29,750.
Price & VAT
Offers in Excess of £350,000.
Please note that the building sale will not be subject to VAT.
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