Cornfield Road, Eastbourne
PRIME REAL ESTATE IN EASTBOURNE ** Ability to generate £57,600 per annum which is a 7.2% return on your investment ** Major Redeveloped Area ** RENT REVIEW IN PROGRESS
the new owner is entitled to perform a rent review and we feel that adjusting it to £3500 per month would be justifiable. This being said taking into consideration the rental value of the maisonette at £1300 per month would generate £57,600 per annum offering a yield of 7.2%
Milestone Sales are delighted to introduce this exceptionally well-presented and spacious commercial premises with separate residential dwellings situated in the heart of Eastbourne's newly developed town center.
Constructed in 1890 this property has a rich and vast history and is unquestionably one of the finest real estate opportunities in the town.
The flat above which is split over 4 floors which comprises of 3 double bedrooms, living room, kitchen, and roof terrace has previously been rented out at £1200 many years ago. in our professional opinion, a property of this condition and size could rent for between £1300 - £1350 per calendar month.
The commercial is currently trading at a restaurant on a 20-year lease paying £3000 per calendar month although a rent review will be taking place in the new year increasing the potential owner's return on investment.
With further development due to take place in Eastbourne, you could be the proud owner of this great property. The local government has planned a £20m redevelopment project and being positioned in the heart of the town will increase asset value in due course.
Viewings strictly by appointment only.