Athens Restaurant, Terminus Road, Eastbourne

£675,000
  • Ref: 1000_RS0680
  • Type: Terraced House
  • Bedrooms: 4
  • Bathrooms: 2
  • Reception Rooms: 2
  • Tenure: Freehold
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Property Summary

Net Income (£38,906) / Deposit (£208,500) = 18.6599% Net Yield
This assessment provides a clear overview of the financial feasibility and potential returns for the Terminus Road property investment.

Full Details

ABILITY TO EARN A LEVERAGED YIELD OF 12.209% PER ANNUM ** IDEAL FOR DEVELOPMENT ** OR TRADE AND RESIDENTS ** POTENTIAL OFF STREET PARKING TO REAR ** YARDS FROM THE SEAFRONT ** ABILITY TO GENERATE **

Feasibility Assessment for Terminus Road:

Based on market research, commercial space rents along Terminus Road typically range from £30 to £36 per square foot. This assessment is derived from analyzing rates of five comparable properties in the immediate vicinity.

For the restaurant space, this translates to an estimated annual income of £33,056.

Our recommendation is to separate the upper levels, as they already have independent rear access. This conversion could serve as a conservative HMO investment, including a self-contained 1-bedroom flat. Projected income from the upper levels, based on room rental rates of £650-675 per room and the flat renting for £1,000 per month, is estimated at £43,800 per annum.

After accounting for utility costs and mortgage payments, the net income is calculated as follows:

Gross Income: £76,856 per annum
Net Income after utility costs and mortgage payments: £38,906
Breakdown of financials:

Deposit: £208,500
Loan: £486,500
Interest (6% on loan): £29,190
Commercial Income: £33,056
Residential Income (after 20% deduction for costs): £35,040
Total Income: £68,096

Net Income (after subtracting interest): £38,906

Leveraged Return on Invested Capital:

Net Income (£38,906) / Deposit (£208,500) = 18.6599% Net Yield
This assessment provides a clear overview of the financial feasibility and potential returns for the Terminus Road property investment.

Nestled on Terminus Road in Eastbourne, just a stone's throw away from the picturesque beach, this remarkable investment opportunity boasts unparalleled allure. The property encompasses a versatile building structure, featuring a thriving restaurant on the ground floor complemented by residential spaces above.

The residential portion of the building consists of a spacious 3-bedroom maisonette, offering comfortable living quarters, while also providing access to a self-contained apartment. This unique layout presents multiple options for potential buyers, who may choose to maintain the current configuration or explore the possibility of dividing the spaces into separate, self-contained units.

For entrepreneurs seeking an integrated lifestyle, the property offers the rare advantage of allowing owners to seamlessly balance both professional and personal pursuits. Whether it's operating the restaurant business on the ground floor while residing in the upper residential quarters, or opting for a complete separation of uses, the flexibility inherent in this property caters to a diverse range of preferences and aspirations.

Beyond its functional versatility, the property's prime location on Terminus Road ensures a steady stream of foot traffic and high visibility, enhancing its investment appeal. With the beach mere yards away, the intrinsic allure of coastal living adds an irresistible charm to this already enticing opportunity.

In summary, this property represents an exceptional investment proposition, characterized by its prime location, versatile layout, and potential for both commercial and residential utilization. Whether you're an astute investor or an aspiring entrepreneur looking to carve out your niche in Eastbourne's vibrant landscape, this offering promises an exciting venture with endless possibilities.


Leveraged yield is based on a 6% interest rate and a 30% deposit

Tenure: Freehold