5 Bed Terraced House For Sale South Street, Eastbourne, BN21

£850,000- Terraced

1 of 4
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Last Updated: 18th April 2024

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
Agent Details
Milestone Group
39-41 Seaside, Eastbourne, BN22 7NB

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested