South Street, Eastbourne
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
5
- SIZE
4,510 sq ft
419 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- (NIA) is 4,314 sq ft
- ERV: £63,300 PER Annum
- 1 x 1 Bed, 1 x Commercial & 1 x 4 Bed HMO
- Commercial has already been rented at £16,500 per annum
- SPV Equity Purchase Possible
- Practical Completion End of August
- 11% Net ROI
Description
Price: £700,000
Annual Rental Income: £65,700
Return: Near 10% per annum
Overview
Milestone Group is delighted to present this outstanding investment opportunity in the heart of Central Eastbourne. Fully tenanted and generating a substantial rental income, this mixed-use property is perfect for discerning investors seeking reliable returns.
Property Breakdown
Commercial Unit: Leased for £16,500 per annum on a 5-year FRI lease.
One-Bedroom Flat: Tenanted for £1,100 per month (£13,200 annually) on a 5-year FRI lease.
Four-Bedroom Flat: Let on a 3-year FRI lease at £3,000 per month (£36,000 annually).
Total Rental Income: £65,700 per annum
Key Features
Prime Location: Situated in a sought-after area of Eastbourne with excellent transport links and amenities.
Fully Let: All units are tenanted, offering immediate and stable income.
High Yield: Projected return nearing 10% annually, making this a lucrative addition to any portfolio.
Additional Information
Lease Structure: All units are leased under FRI (Full Repairing and Insuring) agreements, minimizing landlord responsibilities.
Desirable Area: Consistently high demand for residential and commercial spaces in this location ensures a stable rental market.
Don't Miss Out
This rare investment opportunity offers a mix of strong returns and low-maintenance management. Contact us today to arrange a viewing or discuss further details.
Disclaimer
All details are provided for guidance only and are subject to verification. Prospective buyers are advised to seek independent legal and financial advice before proceeding. Milestone Sales Ltd is not liable for any errors or omissions in the provided information.
Tenure: Freehold
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
South Street, Eastbourne
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Visit our security centre to find out moreDisclaimer - Property reference RS0831. 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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