Retail, Investment Residential, Investment Residential Angle, Development - Residential, Restaurants and Bars, Flat
14 Grove Road, Eastbourne, East Sussex, BN21 4TJ
Leasehold £25,000 Per annum
Freehold £520,000 Freehold
3360 sq ft
(312.14 sq m)
The property comprises a ground floor retail/restaurant premises with associated basement storage and rear courtyard and parking.
There are 3x large two-bedroom flats above. Flat 1 is vacant and in need of refurbishment whilst Flat 2 is let with scope to increase the rent to market level. Flat 3 has been sold on a long leasehold with circa 80 years remaining.
The premises are situated in the established location of Grove Road, known locally as "Little Chelsea" where there are a number of niche occupiers including independent restaurants and coffee bars.
The property is opposite the Council offices and Library and is within a short walk of Terminus Road to the new Beacon Shopping Centre & mainline railway station.