town centre freehold mixed investment comprising offices on 3 floors and a self contained residential flat on top floor.
communal entrance hall : ground floor suite : stairs to basement including strongroom : first floor split offices : front door leading to second floor flat : gas central heating.
Cornfield Terrace is in the centre of Eastbourne midway between the theatres and the Arndale Shopping Centre, and close to the Seafront. The mainline railway station is a short distance away.
The building is Victorian and in a conservation area close to all Town Centre amenities. The offices provide a gross floor area 148 sqm (1593 sq ft) and are let on 3 separate leases providing a gross income of B£7,600 pa. The flat is let on an Assured Shorthold Tenancy and provides a total of B£5,640 p.a.
Accommodation is as follows
Lower Ground Floor 30.80 sq m (332 sq ft)
Ground Floor 66.00 sq m (710 sq ft)
1st Floor 51.60 sq m (555 sq ft)
Tenancies
Part lower ground & ground floor - UK Mortgage B£3,500
10 years from 2004 Advice Centre
1st floor part - Mr Padstone B£1,300
Details awaited
1st floor part - Mr Powitt B£2,800
Details awaited
2nd Floor (Residential - Mr Parletti B£5,640
12 months Assured Shorthold Tenancy
from 28.09.06
Total Income B£13,240 p.a.
Price B£350,000 for the Freehold interest subject to the leases as above
VAT The terms quoted are exclusive of VAT. Applicants are advised to make their own enquiries as to whether VAT will apply to this transaction.
THE PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.