A two storey building with traditiional elecations and a pitched, tiled roof. The property benefits from gas heating and some double glazing.
( Agency Pilot Software ref: 31586 )
Location
The subject property is located in Eastbourne and the town benefits from good road communications being on the A22 and close to the A27 and A259. Eastbourne Railway Station is approximately 700 yards from the property and provides regular rail services to Brighton and London Victoria.
The property is situated within a predominantly residential area on the north side of The Goffs (A259) close to its junction with Upperton Road (A2270) and approximately 900 yards north west of the town centre.
Local occupiers include a Waitrose supermarket and a Boots Pharmacy.
Accommodation
Ground Floor 138 sq m (1,485 sq ft NIA)
First Floor 82 sq m* (883 sq ft)
Flat 2 Individual(s) First Floor 86 sq m*(926 sq ft)
TOTAL 306 sq m (3,294 sq ft)
Terms
VAT
The property has not been elected for VAT and VAT will not be chargeable on the terms quoted.
EPC
The property has an EPC rating of D, valid until 20/04/2027 for the ground floor. Flat 1 has a rating of E valid until 14/01/2029. Flat 2 has a rating of E valid until 15/08/2028.
PROPOSAL Offers are invited in excess of £565,000. A purchase at this level will show a yield of 7%.
COVENANT Independent Vetcare Ltd, company number 07746795, were formed in 2011, and their accounts for 30/09/2022 reported a turnover of £987m, a profit after tax of £50m, and total net assets of c. £210m.
Specification
•COMPRISING A VETERINARY PRACTICE AND 2 SELF-CONTAINED FLATS ABOVE
•GROUND FLOOR LET TO INDEPENDENT VETCARE LIMITED ON A LEASE EXPIRING IN 2033 (NO BREAKS)
•TOTAL ACCOMMODATION OF APPROXIMATELY 3,512 SQ FT (326.27 SQ M)
•3 PRIVATE CAR BAYS TO FRONT
•SITUATED WITHIN A PREDOMINANTLY RESIDENTIAL AREA, 140 METRES FROM GILDREDGE PARK
•LOCATED CLOSE TO A WAITROSE SUPERMARKET AND EASTBOURNE TOWN CENTRE
•POTENTIAL TO REALISE FURTHER VALUE FROM 1ST FLOOR AND ROOF SPACE
•VAT IS NOT APPLICABLE
•CURRENT RENT RESERVED - £41,540 PA
•FREEHOLD