BN21 87-89 Seaside Road, Eastbourne

A mid-terrace, unbroken freehold investment comprising a ground-floor retail unit with basement, together with two well-maintained residential flats arranged over the upper floors.

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.

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

Located on the south side of the road near the junction with Cavendish Place, one block from the seafront and 10 minutes walk from the railway station.

Rental Income £33,000 paPotential Inc £46,800pa

Potential 8% return