£500,000

• Seafront Development Opportunity
• Planning Permission Granted for Three Self-Contained dwellings and a Class E Unit (BH2023/02158)
• Offered with Vacant Possession
• Adjacent to Tesco and Rottingdean Car Park
• Direct Sea Views

DESCRIPTION The property was recently let to Lloyds Pharmacy, who have now vacated, therefore, vacant possession will be offered. Planning permission was granted in July 2023, under consent BH2023/02158 for the demolition of existing building and construction of a new, two-storey mixed-use development, comprising a new ground floor retail unit (Use class E) and three self-contained dwellings. In addition, the premises may be suitable to owner occupiers.

LOCATION Situated in Rottingdean, which is a popular and coastal village located approximately four miles to the East of Brighton. Bordering Ovingdean, Saltdean and Woodingdean, this Historic village is a busy tourist location and is situated just meters away from the busy A259 coast Road. Popular occupiers in the village include Tesco Express, Co-Op and Costa Coffee, together with numerous independent retailers and eateries.

The premises can be found on Google Maps by typing in the following postcode BN2 7HP.

TENURE Freehold for sale.

PRICE Offers are invited in the region of £500,000 for the freehold interest.

EPC The property has an EPC rating of B - 47.

VAT We are informed that VAT is applicable on the terms quoted.

USE We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted. Planning consent has been granted - BH2023/02158 for the demolition of existing building and construction of a new, two-storey mixed-use development, comprising a new ground floor retail unit (Use class E) and three self-contained dwellings.

LEGAL FEES Each party is responsible for their own legal fees in this transaction.

VIEWING ARRANGEMENTS Strictly by appointment with Sole Agents, Jacobs Steel.

BUISNESS RATES The rateable value from April 2023 provided by the Valuation Office Agency is £15,750. The small business rates for the financial year (2023 - 2024) is 49.9p in the £ making the rates payable approx. £7859.25.