a Terminus Road, Eastbourne

Under Offer
£750,000
  • Ref: 1000_CS0010
  • Availability: Under Offer
  • Tenure: Freehold
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Property Features

  • Visit Milestone Sales & Lettings Website
  • For Sale by Auction
  • Auction Date 10/01/2023

Property Summary

This property is for sale by Milestone Property Auctions. 10/01/2023

Please visit the Milestone website and click 'Online auctions' on the main menu at the top.

FREEHOLD INVESTMENT ** £57,600 per annum **3 x 2 Bedroom flats & 2, Studio Flats & Commercial ** Planning Permission

Full Details

This property is for sale by Milestone Property Auctions.

Please visit the Milestone Sales & Lettings website and click 'Online auctions' on the main menu at the top.

FREEHOLD INVESTMENT ** £57,600 per annum **3 x 2 Bedroom flats & 2, Studio Flats & Commercial ** Planning Permission Granted for Air Space Development for additional 1 Bedroom Flat **

Milestone Sales are delighted to introduce to the market this Freehold building comprising commercial premises and 5 flats.
The flats are 3 x 2 bedrooms and 2 x studio apartments all rented out on AST's.

Flat 1 = £475pcm
Flat 2 = £675pcm
Flat 3 = £525pcm
Flat 4 = £775pcm
Flat 5 = £850pcm
Commercial = £1500pcm
Total Current = £57,600pa

Agent notes
The rents can be improved on quite dramatically and in our assessment

Flat 1 = £575pcm
Flat 2 = £850pcm
Flat 3 = £575pcm
Flat 4 = £850pcm
Flat 5 = £850pcm
Commercial = £1500pcm
Total Proposed = £62,400pa

Terminus Road is under going a vast rejuvenation and plans have been proposed to pedestrianise the road resulting in additional footfall and consumer spending. The building is 50 yards from Eastbourne's award winning and stunning seafront.


Tenure: Freehold