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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:-

  • 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.

  • The freehold property is situated in a 100% prime location on the pedestrianised Terminus Road.

  • The property comprises c.14,629sqft(1,359 sq m)

  • Recent lettings to the undoubted covenants of Tesco, Greggs and Burger King, with an Experian Score of 89/100 or higher.

  • 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

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