High Street, Polegate
- PROPERTY TYPE
Cafe
- SIZE
1,593 sq ft
148 sq m
Description
This property is available via online auction, mortgage buyers & cash buyers welcome.
Please visit the Milestone website and via the main top menu click 'Online Auctions'
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Freehold Mixed-Use Commercial Property in Polegate
Property Overview
Location: Polegate
Property Type: Freehold Mixed-Use Commercial Property with Residential Maisonette
Key Features
Commercial Unit:
Long and reputable trading history
Annualised income: approximately £80,000
All fixtures and fittings included within the sale price
Vacant possession available upon sale
Potential rental income: £14,000 per annum
Residential Unit:
Spacious and well-presented 3-bedroom maisonette
Private access
Potential rental income: £15,600 per annum
Total Potential Annualised Income: £29,600 per annum
Property Description
This exceptional freehold mixed-use commercial property, located in the thriving area of Polegate, presents a unique investment opportunity. The building comprises a well-established commercial unit on the ground floor and a spacious, well-maintained 3-bedroom maisonette on the upper floors, each with its own private access.
The commercial unit has a long-standing and reputable trading history, generating an impressive annualised income of approximately £80,000. With the inclusion of all fixtures and fittings in the sales price, this property offers a seamless transition for the new owner to continue the profitable operations. Additionally, the business benefits from small business relief, further enhancing its appeal.
The 3-bedroom maisonette above the commercial unit is spacious and well-presented, providing comfortable living accommodation. With its private access, it offers the potential for a rental income of £15,600 per annum, adding to the overall profitability of the property.
Investment Potential
The property is located in an area experiencing significant growth, with hundreds of new houses being developed nearby. This expansion is expected to increase footfall, sustainability, and profitability for the commercial unit. The current owners, who reside in the upper maisonette and operate the commercial premises, are selling the property to relocate closer to family outside the area. They have enjoyed a healthy income over the years and believe this property will continue to be a lucrative investment for the new owner.
Sales Information
The property is being sold with vacant possession, making it an ideal purchase for investors looking for immediate occupancy. The building is for sale via online auction through Milestone Group. Access to our auction platform is available via our website.
Contact Information
For further details or to arrange a viewing, please visit our website or contact us directly.
Auction Fees Do Apply
Tenure: Freehold
Brochures
BrochureEnergy Performance Certificates
EPCHigh Street, Polegate
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Polegate Station0.1 miles
- Hampden Park Station2.5 miles
- Pevensey & Westham Station3.6 miles
About the agent
Milestone Group, Eastbourne
39-41 Seaside, Eastbourne, BN22 7NB
Welcome to Milestone Group - Your Gateway to Specialist Investment and Engineering Services
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Notes
Disclaimer - Property reference CS0048. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Milestone Group, Eastbourne on 01323 403369.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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