London Trader, 4-7 East Beach Street, Hastings, TN34 3AR

Description
Located in Hastings in the county of Kent, approximately 3 miles (5 kilometres) east of Bexhill and 6 miles (10 kilometres) west of Camber.

The London Trader is prominently positioned in Old Hastings fronting the A259 Highway and close to the waterfront.

Location
The property comprises the ground, first, and second floor of a three storey semi detached building with brick rendered elevations beneath a pitched clay tiled roof.

Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables and chairs for 50 customers. Ancillary areas include a pool table room and customer WC’s facilities and cellar.

First Floor: The first floor comprises a disused trade kitchen, ancillary stores and offices.

Second Floor: The second floor provides manager’s accommodation comprising three bedrooms, kitchen and a bathroom. In addition to this is a small one bedroom self contained flat.

Externally: There is small external seating area operated by way of a pavement licence to the front and side elevations for 32 customers.

Availability_text
The accommodation comprises the following areas:

Virtual Tour


Tenure
The property is held freehold (Title Number HT19149).

Tenancy
The entire property is let to a private individual on a 14.5 year lease from 2 June 2017 at a current rent of £61,688 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £15,270 and repair and maintenance fund of £607 is held by the landlord.

Planning
The property is Grade II listed and situated in the Hastings conservation area.

Data Room


VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.

EPC
An EPC is in the course of preparation.

Terms
We are instructed to invite offers in excess of £730,000 (8.34% NIY) assuming the usual purchasers costs.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings & Contacts
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.