Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
PRIME FREEHOLD RETAIL INVESTMENT PARADE FOR SALE
We have been instructed to market this prime retail investment parade in Eastbourne.
The main investment considerations can be set out as follows:-
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Eastbourne is a thriving tourist destination located on the south coast in East Sussex, approximately 21 miles(34km) east of Brighton and 70 miles(113km)south of London.
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The freehold property is situated in a 100% prime location on the pedestrianised Terminus Road.
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The property comprises c.14,629sqft(1,359 sq m)
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Recent lettings to the undoubted covenants of Tesco, Greggs and Burger King, with an Experian Score of 89/100 or higher.
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WAULT of c.11.6 years to expiry and c. 6.6 years to break.
We are instructed to seek offers in excess of £2,550,000 (Two Million Five Hundred and Fifty Thousand Pounds),subject to contract and exclusive of VAT, which reflects a net initial yield of 8.48%, net of standard purchasers
costs.
Tenure:
Freehold
Yield:
8.48 %
Price:
£2,550,000
Contact:
PHILIP HAY
07770 580 590
phay@jacksoncriss.co.uk
RHODRI JONES
07570 684 444
rjones@jacksoncriss.co.uk