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
Overview
We are pleased to present an exceptional investment opportunity in one of Eastbourne's finest areas. This recently converted building offers a mix of commercial and residential spaces, with a projected 11% net ROI. The total Net Internal Area (NIA) is 4,314 sq ft, with an Estimated Rental Value (ERV) of £63,300 per annum.
Property Composition
1 x Commercial Unit: Ground floor unit with a secured tenant moving in at £16,800 per annum.
1 x One-Bedroom Flat: Expected rental income of £1,050 per month.
1 x Four-Bedroom HMO: A two-floor maisonette with ensuite rooms, each room can be rented at £725 - £750 per month.
Location
Situated in the heart of Central Eastbourne, this property is located in an area renowned for its desirability and convenience, ensuring strong tenant demand and stable rental income.
Financials
Total ERV: £63,300 per annum
Asking Price: £700,000 - £725,000
Projected Net ROI: 11%
Additional Details
Given your interest, we are sharing this information ahead of the public market release. Attached, you will find further details, including floor plans and tenancy schedules.
Don't miss out on this lucrative investment opportunity. Contact us today to discuss further.
Disclaimer
The information provided in this document is for general guidance only and is not intended to form part of any offer or contract. All details, including measurements, descriptions, and financial projections, are believed to be accurate but are not guaranteed and may be subject to change. Prospective buyers are advised to verify all information independently, including legal and financial considerations, before proceeding with any purchase.
Milestone Sales Ltd and its agents do not accept any responsibility for any loss, damage, or inconvenience caused by reliance on the content of this document.
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
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Eastbourne Station0.2 miles
- Hampden Park Station1.9 miles
- Pevensey & Westham Station4.0 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
At Milestone Group, we pride ourselves on being industry leaders in providing specialist investment and engineering services. With a team of national specialists and a network of high-end national and international buyers, we are your trusted partner in achieving exceptional results for your investment and engineering needs.
Milestone Group work with over 10,
Industry affiliations
Notes
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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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