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COMMERCIAL

Commercial Portfolio, Eastbourne

Offers in Region of
£850,000
Milestone Group, Eastbourne
PROPERTY TYPE

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Key features

  • Freehold
  • Full Details Available Upon Request
  • Large 2 Bedroom Flat
  • 4 x Well Presented Commercial Units
  • Current Income £60,000
  • ERV £75,600

Description

** 4 x Commercial Units & 1 x 2 Bedroom Spacious Flat ** FREEHOLD

Investment Opportunity in Prime Location

Discover this lucrative investment offering in the heart of Eastbourne, boasting 4 commercial units under a single freehold title. Among these units is a unique gem - an expansive 2-bedroom apartment, featuring generously sized bedrooms measuring 20ft x 20ft, accompanied by an equally spacious living room of the same dimensions.

Currently, the freehold units are fully rented, generating a steady income of £50,000 per annum. The flat is rented at £10,000 However, their Estimated Rental Value (ERV) and that of the flat stands at an impressive £75,600 per annum, indicating significant potential for increased returns.

Notably, the large two-bedroom flat within the property is under rented at £10,000 per annum, yet holds promising income prospects. With the potential to fetch £15,600 per annum minimum through an Assured Shorthold Tenancy (AST), this spacious residence presents a lucrative opportunity for holiday rental purposes, potentially doubling the net income.

Seize this opportunity to add a diverse and high-yielding asset to your investment portfolio. Contact us today to explore further and secure your future in the lucrative real estate market.

Freehold Inclusion:
The investment in this portfolio goes beyond the immediate rental
income. It also includes the freehold ownership of the commercial units, including the flats above them. Although the flats have been sold individually, the freehold to these flats remains part of the purchase of the commercial freehold. This valuable asset provides additional long-term income potential and investment security.

Portfolio Overview:
This exceptional investment opportunity presents a prime commercial portfolio in the vibrant city of Eastbourne, currently generating a total annual income of £60,000.
Comprising four unique properties strategically located in a prominent central location, this portfolio offers immense potential for growth and income optimisation.

Here is a detailed overview of each property:

1. Lot 1 - £12,000 PA (4-Year Lease Remaining):
Lot 1 is a valuable asset within the portfolio, generating £12,000 annually with a lease term of four years remaining. This established income stream offers stability and
room for future negotiation. Lot 1 strategic location and lease term make it an attractive investment option.

2. Lot 2 - £12,000 PA (License Agreement):
Lot 2, currently operating under a license agreement, contributes £12,000 annually to the portfolio's income. With its prime location and reputation as a beloved
dining destination, this property has the potential for significant growth. Investors can explore opportunities to convert the license into a lease for added stability.

3. Lot 3 - £12,000 PA (3-Year Lease Remaining):
Lot 3 is a valuable asset generating £12,000 annually with a lease term of three years remaining. The clinic's strong reputation and consistent financial
performance make it a reliable income source. Investors can explore options for lease renewal or diversify the property's usage in the future.

4. Lot 4 - Rented at £14,000 Per Year:
showcasing its income potential. This property presents an opportunity to optimise returns and attract a high-quality tenant.
Income Potential and Growth:

Lot 5: An exceptionally spacious and well presented 2 bedroom split level apartment boasting 2 x 20ft x 20ft bedrooms & 20ft x 20ft living room. This unit would rent at minimum £1300 per calendar month.


The portfolio's current annual income of £60,000 is promising but significantly underachieving its true potential. Based on the strategic location of these properties in Eastbourne's bustling area and the current rental market conditions, the commercial portfolio has the capacity to generate a minimum of £60,000 annually. This projection takes into account opportunities for lease renewals, conversions, and potential rental increases.

Freehold Inclusion:
The investment in this portfolio goes beyond the immediate rental income. It also includes the freehold ownership of the commercial units, including the flats above them. Although the flats have been sold individually, the freehold to these flats remains part of the purchase of the commercial freehold. This
valuable asset provides additional long-term income potential and investment security.

Tenure: Freehold

Brochures

Brochure

Commercial Portfolio, Eastbourne

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Eastbourne Station0.1 miles
  • Hampden Park Station1.8 miles
  • Pevensey & Westham Station3.9 miles
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About the agent

Milestone Group, Eastbourne

39-41 Seaside, Eastbourne, BN22 7NB

Milestone Group, Eastbourne
About Milestone Group

Welcome to Milestone Group - Your Gateway to Specialist Investment and Engineering Services

At Milestone Group, we pride ourselves on being industry leaders in providing specialist investment and engineering services. With a team of national specialists and a network of high-end national and international buyers, we are your trusted partner in achieving exceptional results for your investment and engineering needs.

Milestone Group work with over 10,

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Notes

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Disclaimer - Property reference CS0040. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Milestone Group, Eastbourne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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