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- LoopNet Team
1 Queens Rd
Hastings TN34 1QP
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Banking
- Security System
- Storage Space
- Air Conditioning
ABOUT 1 QUEENS RD , HASTINGS, ESX TN34 1QP
Multiple stored buildings are currently let to a major British bank on a secure lease. Producing £72,500 per annum in rent. Freehold for sale. Fantastic opportunity to invest in a freehold site and receive generous income. Blue-chip tenant, no rent issues. Tenant willing to stay for a further 10-year term subject to conditions negotiated under the new heads of terms. Ground, first, second floors, and attic space. Potential to redevelop upper floors to residential accommodation subject to planning. Location: The property is in Hastings, South East of London. Tenure: Freehold. Accommodation: The property is located in Hastings town centre, comprising of a corner position fronting the main high road. The building has a ground, first and second floor plus attic room which is used as storage. The upper two floors may be suitable for a residential conversion subject to planning. Terms: We have been instructed by the vendor to dispose of the freehold. The current tenant (Halifax PLC) is on an FRI lease from 07/10/1994 for a term of 25 years with rent reviews taking place every 5 years. The tenant has confirmed their intention to remain at the premises on a new/extended lease. Price: £1,300,000 BTC to be retained Viewing: Strictly by prior appointment with BTC.
