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379 South Coast Rd 2,311 sq ft Retail Property Peacehaven BN10 7EU £750,000 (£324.53/sq ft)
Investment Highlights
- Located on a corner plot
- Directly opposite a Texaco petrol station
- Prominent position on South Coast Road (A259)
- Six miles east of Brighton
Executive Summary
A rare opportunity to acquire a substantial freehold mixed-use property in Peacehaven, offered with full vacant possession. Arranged over ground and first floors, the ground floor provides an extensive restaurant comprising a large bar on entry, a commercial kitchen to the rear with full commercial extraction, seating for approximately 100 covers, and WC facilities. The upper floor is accessed via a separate entrance on the northern elevation at ground level, or internally through the kitchen, and offers five rooms, a large hallway, and a bathroom with separate WC. A terrace is situated at the northern end of the building, with a fire escape and external staircase at the southern end. Vacant possession and prominent roadside position, creates genuine potential for a variety of uses whether as an owner-occupier restaurant, a residential or mixed-use conversion, or a longer-term development opportunity, subject to planning. The property also benefits from on-site parking for five to six vehicles.
Property Facts
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,311 sq ft
Costar Property Class
B
Year Built
2000
Price
£750,000
Price per sq ft
£324.53
Tenancy
Single
Number of Floors
2
Plot ratio
0.52
Total Plot Size
0.10 ac
Parking
6 Spaces (2.6 Spaces per 1,000 sq ft Leased)
Frontage
121 ft on South Coast Road
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Nearby Major Retailers
1 of 4
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379 South Coast Rd
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