h Berkeley House, Gildredge Rd, Eastbourne, BN21 4SA Rarely available purpose built 1970s building with development potential FOR SALE
Location Berkeley House is situated in the vibrant East Sussex town of Eastbourne which has a population in excess of 100,000 with a catchment of over 250,000 within a 20 minute drive. Eastbourne is well serviced by both rail and road networks with direct trains to London Victoria (85 minutes), Brighton (30 minutes) and Ashford (69 minutes). The main roads into the town are: the A22 London road, A27 Brighton road and A259 coast road. Eastbourne has many amenities and presently Legal and General are extending the town centre Arndale Centre. The 85 million development will provide a further 186,114 sq ft retail and restaurant space also to include a 9 screen multiplex cinema. This will be open late 2018. Description Berkley House itself is situated in the heart of the town s professional area where there are a number of Accountants, Solicitors, Surveyors etc. and is within a short level walk of the main railway station and the town centre. The premises were constructed in the 1970s and provide 5 floors of modern office accommodation, which is serviced by a communal entrance hall with a lift to all floors. The property benefits from on site parking beneath the building. At present the ground, first and second floors are tenanted producing 78,000 per annum with a further two floors being vacant. Tenancies Please see the attached tenancy schedule. Planning The premises currently have planning use for B1 offices but the premises could have development potential subject to receiving all the necessary planning and building regulations. For all planning enquiries please contact Eastbourne Borough Council, 1 Grove Road, Eastbourne, East Sussex. Telephone: 01323 410000. Guide Price Offers are invited in excess of 1.4million for the freehold interest with the benefit of the current income. www.commercial.co.uk VAT VAT is not applicable to the sale. EPCs and asbestos reports will be provided within the legal documentation. Legal Costs Each party is to be responsible for their own legal fees. Amenities 8 person passenger lift to all floors Fully carpeted Heating throughout Suspended ceilings with fluorescent lighting Reserved car parking spaces Prominent position Male and female WC on each floor Viewing Strictly by appointment only via either Andy Miles at Howell Brooks on 020 7643 2000 or Mike Tingley at Hunt Commercial on.
Unit Tenant Floor Area Sq ft Lease Start Lease Expiry Basement & ground First (part) First (part) (West) (East) Rodney Warren Solicitors Rodney Warren Solicitors Sovereign Cargo Ltd Rodney Warren & Co Ltd (by assignment) Countrywide Estate Agents t/a Labyrinth Properties Basement (part) Ground (part) (part) 600 2,822 Rent Reviews Next Review/Expiry Rent p.a Notes 25,000 Occupied by Rodney Warren Solicitors no formal lease in place but the tenant has been in occupation since 2010. 501 5,000 Occupied by Rodney Warren Solicitors no formal lease in place but the tenant has been in occupation since 2010. 2,297 25.03.14 24.03.19 24.03.19 (expiry) 1,640 08.04.11 07.04.21 5 yearly 07.04.21 (expiry) 1,360 28.06.10 27.06.15 27.06.15 (expiry) Third Vacant 2,940 Fourth Vacant 2,070 TOTAL 14,230 78,000 19,000 Outside L&TA 1954. Service charge cap 10,000 pa geared to RPI. 16,000 Service charge cap 9,500 per annum. 13,000 Holding over www.commercial.co.uk
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Berkeley House, 26-28 Gildredge Road, Eastbourne, BN21 4SA Rarely available purpose built 1970s office building with development potential Part income producing/ part vacant possession 14,200 sq ft (1,321.96 sq m) h Hunt Commercial Property Ltd and Howell Brooks & Partners LLP produce prepare sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a vendor, landlord, assignee nor Hunt Commercial Property Ltd or Howell Brooks & Partners LLP will be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied. Hunt Commercial Property Ltd and Howell Brooks & partners LLP may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100020048 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100028764 hcommercial www.commercial.co.uk Mike Tingley 07799 884282 Paul Wilton 07887 951030