87-89 Seaside Road, Eastbourne, East Sussex, BN21 3PL
Business rates & charges may apply
- SIZE
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- SECTOR
High street retail property for sale
Key features
- Mixed use investment
- Unbroken freehold comprising a ground-floor retail unit plus two residential flats arranged over the upper floors
- Passing rent of £33,000 pa excluding non-income-producing owner-occupied flat
- Potential total income of approximately £46,800 per annum, equating to a circa 8% return
- Well maintained building with 40% contribution from the shop tenant
- No VAT
Description
The commercial element is let to an individual tenant with a third-party guarantor on a 15-year lease from March 2024, producing a passing rent of £16,200 per annum.
Flat 1 is a two-bedroom unit, currently owner-occupied and to be sold with vacant possession. The flat has an estimated rental value of £1,150 pcm (£13,800 pa).
Flat 2 is a four-bedroom maisonette arranged over the top two floors and is let to three private individuals at £1,400 pcm (£16,800 pa).
The property currently generates a total passing income of £33,000 per annum, excluding the non-income-producing owner-occupied flat.
When fully let, the property offers a potential total income of approximately £46,800 per annum, equating to a circa 8% return.
Brochures
87-89 Seaside Road, Eastbourne, East Sussex, BN21 3PL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Eastbourne Station0.5 miles
- Hampden Park Station1.8 miles
- Pevensey & Westham Station3.6 miles
Notes
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