• John Bray & Sons - Independent Estate Agent Since 1872

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Pelham Arcade, Hastings, TN34 3AE

Pelham Pl, Hastings TN34, UK
£475,000

Description

LOCATED UPON THE HIGHLY DESIRABLE FRONT OF ST MARY IN THE CASTLE, THIS COMMERCIAL UNIT IS IN FULL NEED OF MODERNISATION, WITH PLENTY OF PASSING TRADE THROUGHOUT THE YEAR. THE BUILDING HAS A HUGE AMOUNT OF HISTORY WITH A STORY TO TELL, AND NEW STORIES TO BE MADE.
THIS PROPERTY IS CHAIN FREE AND IS A RARE OPPORTUNITY FOR ANY INVESTOR.

Important Note: Due to its Grade II Star Listing, Hastings Borough Council has advised that significant grants are available to owners of this property due to the on-going restoration project in the area. Please contact Jane Stephens at Hastings Borough Council for further details: Jane Stephens 01424783273 – jstephen@hastings.gov.uk

LOCATION:             on the A259 between Hastings Town Centre and Hastings Old Town, Pelham Crescent is a popular tourist walk and has footfalls of tens of thousands of holiday makers and residents per year. Pelham Arcade is home to the front entrance of St Mary in the Castle, which has been recently renovated, and holds events which brings new clientele into Hastings from around the Country.

History of Pelham Crescent; Pelham Crescent and St Mary in the Castle were designed by Joseph Kay in 1824-28, with the support of the 1st Earl of Chichester. A large section of the castle cliff was excavated prior to construction of this fine piece of regency architecture.

The shops that stand in front of Pelham Crescent were originally designed as an arcade with unique wine cellars beneath. Pelham Arcade was part of Joseph Kay’s original design for the Crescent and for many years was a fashionable destination for visitors to Hastings, providing music, refreshments and a bazaar.

In recent years, Pelham Place and Arcade have begun to be restored.

THE PROPERTY:   A grade II Star listed building located in front of the Historic St Mary in the Castle, the property sits aside the centre piece of the delightful Pelham Crescent above the regency Pelham Arcade on Hastings Seafront.

Previously a restaurant and takeaway, the property is 3 units joined into 1, and is in need of full renovation with an internal area of 164 square metres, looking for a new owner to create a fantastic new business into this area.

Can accommodate 100 covers.

The annual rental price is £30,000.

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PRICE   ….   £475,000 ….    FREEHOLD

VIEWING BY APPOINTMENT WITH JOHN BRAY & SONS, HASTINGS, 01424 424000

Note: These details are issued on the understanding that all negotiations are conducted through John Bray & Sons.  They do not constitute an offer or form part of a contract and whilst they are believed to be correct all statements are made without responsibility on the part of the agents or the vendor.  Neither vendor nor agent make or give representation or warranty whatever in relation to this property.  Services, Heating and Appliances described have not been tested by the Agent. You may store and use the material for your own personal use.  You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the company’s express prior written consent.  The owners copyright remains on all reproductions of material taken.

  • Address: Pelham Arcade
  • City: Hastings Old Town
  • State/county: East Sussex
  • Zip/Postal Code: TN34 3AE
  • Neighborhood: Hastings Old Town
  • Country: United Kingdom

Detail

  • Price: £475,000
  • Property Size: 164 sq metres

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