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Express Interest in this Property

Tesco Express, Eastbourne

Downs Court, Mead Street, Eastbourne, BN20 7RG

Basic Facts

Property ID: 4641 Post Updated: 2019-06-24 10:41:29
Status: Type:
Tenure: Virtual Freehold (999 years) Gross Rent: £ 61,601
Lease Term: 15 years from Aug '09 VAT applicable: Yes

Property Description

  • Virtual Freehold blue-chip, convenience store investment
  • Ground floor shop measuring 3,761 sqft with a wide frontage
  • There are 3 floors of residential accommodation above which are not included in the sale

Location Description

  • With a population of 100,000, Eastbourne is the 2nd fastest growing seaside town in the UK and is known as the sunniest place in Britain. It is 17 miles east of Brighton
  • The property is located in Meads, a very attractive area in the western part of Eastbourne, characterised by its large Victorian and Edwardian houses, most of which have been converted into flats
  • The Eastbourne campus of the University of Brighton is close by

Additional Notes

  • Let to Tesco Stores Limited for a term of 15 years with effect from 2nd July 2010 at a passing rent of £61,600.75 p.a.
  • 5 yearly rent reviews linked to RPI and not capped

Features

£500k - £1m
Attractive property
Blue-chip tenant
Finance available
Minimum Rental Uplifts
No Break clauses
Virtual Freehold

View on Map

Current Opportunities

Current Opportunity

Retail & HMO, Southall

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Current Opportunity

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Tesco, Shepherds Bush

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Domino’s, Colchester

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Bathroom Shop & 8 Flats, Kenton

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Pizza Hut, St. Albans

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Specsavers, Savers & Comfort Sofa’s

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7586 sq ft
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Newly Refurbished Warehouse & Offices, Sutton

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Boots & Flat, Chingford, Greater London

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Current Opportunity

Co-op Food, Bermondsey

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Iceland, Houghton-Le-Spring

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Shop & 3 flats, Redhill

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Nail Salon, Stanmore, Greater London

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692 sq ft
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Bodycare, West Bromwich

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Mixed Parade (Card Factory, Greggs & Restaurant), Boscombe

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Victorian Shopping Arcade, Walsall

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