Shop with maisonette over (sold on long lease) for sale – St Leonards-on-Sea

17th February 2021

Oldfield Smith & Co have been instructed to market the premises at 2 Silchester Road, St Leonards-on-Sea.  Silchester Road is accessed directly from the main A2102 London Road and on the outskirts of the town centre.

2 Silchester Road, st. Leonards-on-sea available freehold via Oldfield Smith & Co.

The premises comprise a character building having a self contained lock up shop to the ground floor with basement plus a 3 bed maisonette above over 2 floors.  The maisonette has been sold on a long leasehold interest and the shop let for a term of 5 years from June 2017 subject to rent review in December 2018 which was settled at £8,400pa. We have been advised the shop tenant is in arrears of rent which the landlord is seeking to recover

The shop has a usable area of 41.2 sq m (442 sq ft) currently divided into 2 sections plus fitted kitchen area leading to store at the rear and basement (not inspected). The total usable ground floor area is 123.6 sq m (1330 sq ft).

The premises are offered for sale freehold subject to the 2 lettings and offers are sought in the region of £95,000. Further information is available here or an appointment to view please contact us on 01825 762222