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The property comprises a prime retail unit situated on a popular pedestrianised street in Eastbourne. Adjacent to the rail station and opposite The Beacon Shopping Centre, the property offers 3,998 sq ft (371.41 sq m) accommodation across basement, ground, first and second floors.
The property is let in its entirety to KFC. The lease was agreed for a term of 20 years from 13/10/2021 and therefore has approximately 18 years unexpired. The current passing rent is £45,000 per annum and there is a tenants break clause in 2031.
Terminus Road is an extremely popular retail location with low vacancy. The street was pedestrianised alongside the extension of the Beacon Shopping Centre in 2018 which comprises over 90 retail and leisure units. The street is the main arterial route between the rail station and Eastbourne seafront and pier.
Tenure
Freehold
Tenancy
The property is let in its entirety to The Woosaa Chicken Co Limited (t/a KFC). The tenant is a popular KFC franchisee with several restaurants, the last available accounts show £1,647,454 in Net Tangible Assets.
The lease was agreed for a term of 20 years from 13/10/2021 and therefore has approximately 18 years unexpired. The current passing rent is £45,000 per annum.
The lease is within the Security of Tenure provisions of the Landlord and Tenant 1954 Act and there is a tenants break clause in 2031.
Rent