Brochure
Property Description:
LOCATION
Hastings is a south coast seaside resort town in East Sussex with a population of 92,855 (2018 census) situated 55 miles south of London, 31 miles south west of Ashford and 16 miles east of Eastbourne. The property occupies a prominent trading position on the east side of Queens Road, located opposite the 290,000 sq ft Priory Meadow Shopping Centre, which offers 1,000 parking spaces and anchor tenants including Marks & Spencer, H&M and Boots. Notable occupiers within the immediate vicinity include Specsavers, Pizza Express and Holland & Barrett.
DESCRIPTION
A prominent four storey building, comprising a vacant commercial ground floor shop with residential upper parts. The residential aspect comprises two one-bedroom flats and two maisonettes, the maisonettes which are arranged over second and third floors have been sold off on long leasehold leases. The residential accommodation is accessed at the rear via Portland Place.
40 and 41 Portland Place (Flats)
Both flats which are let on Assured Shorthold Tenancy agreements offer a combined annual rent of £19,680.
40a and 41a Queens Road (Maisonettes)
We understand each maisonette pays an annual ground rent of £50 to the freeholder.
PLANNING (COMMERCIAL ASPECT)
We understand the commercial aspect benefits from Use Class E (Commercial, Business & Service) of the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020. Permitted uses within this Class allow multiple business uses, including retail, offices, leisure, and clinic related uses. We would advise interested parties to check with the Local Planning Authority or a qualified planning consultant on permitted uses within Class E.
PLANNING PERMISION FOR ADULT GAMING CENTRE (COMMERCIAL ASPECT)
The premises benefit from “Sui Generis” consent for an Adult Gaming Centre. Full details relating to the permission granted can be made available by email on request.
ACCOMMODATION
40-41 Queens Road Ground Floor Commercial Shop- Vacant, approx. 2000sqft
40 Portland Place 1st Floor One bedroom flat Let on an AST at a rent of £840 PCM
41 Portland Place 1st Floor One bedroom flat Let on an AST at a rent of £800 PCM
40a Queens Road 2nd & 3rd Floors Maisonette Sold on a 125 year, long leasehold interest 01/09/2010
41a Queens Road 2nd & 3rd Floors Maisonette Sold on a 125 year, long leasehold interest 01/09/2010
OUTGOINGS
Rateable Value £26,750- Rates Payable £13,348.25
PLANNING
PLANNING (COMMERCIAL ASPECT)
We understand the commercial aspect benefits from Use Class E (Commercial, Business & Service) of the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020. Permitted uses within this Class allow multiple business uses, including retail, offices, leisure, and clinic related uses. We would advise interested parties to check with the Local Planning Authority or a qualified planning consultant on permitted uses within Class E.
VIEWING
Strictly by appointment through the agents, Meridian Property 01424 863306
Property Type: A1 - High Street
Availability: For Sale