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Mixed Use Investment For Sale, 30 and 32 Pevensey Road, Eastbourne, BN21 3HP

4,876 to 13,110 Sq Ft / Other / Residential

For Sale - £575,000.00

Available - Last updated: 21 November 2022

Opportunity to acquire two adjacent double front retail shops with substantial additional accommodation comprising of multiple basement storage/workshop units and residential upper parts of 3 flats with a total of 12 bedrooms including HMO's. Total of 13,110 sq ft (1,218 sqm).

Intensification potential to retain 2x smaller retail premises and 19 flats drafted, subject to Planning


( Agency Pilot Software ref: 24401 )

Location

Eastbourne is a thriving East Sussex coastal town attracting over 4.5 million visitors each year. The lively holiday resort and commercial centre is famous for its award winning beach, Pier and the South Downs National Park covering over 600 s miles is on its doorstep. Eastbourne is located approximately 77 miles south of London, 21 miles east of Brighton and 17 miles west of Hastings. The town benefits from excellent transport links to London via the A22 and Brighton, Hove and Hastings via the A27. There are regular rail services to London Victoria (1 hr 36 mins), Ashford International (1 hr 9 mins) and Gatwick Airport (55 mins). Eastbourne has a primary catchment of 325,000 people with the most affluent social groups A, B and C1 well represented in the town.

Terms

TENURE No.30 - EB5004 (Freehold) No 32 - EB17252 (Freehold)

TERMS Offers are invited in the region of £1,250,000 for both the 2x freehold interests. Total gross income: £119,580 per annum Net income after outgoings: £103,067 per annum. Delayed completion possible. May sell titles separately.

VAT The property is not elected for VAT and therefore VAT is not chargeable on the sale.

EPC No. 30 – D No. 30A – D No. 30B - C No. 32 – C No. 32A - D

Specification

• Intensification potential STP
• Ongoing management available
• 2x titles available together or separately
• 42% commercial income
• 58% residential AST income
• Gross income £119,580 per annum
• Offers in the region of £1,250,000
• Delayed completion possible

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £575,000.00 NA

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Max Perkins

SHW

01323 800489



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