Summary - 364 OLD LONDON ROAD HASTINGS TN35 5BB
1 bed 1 bath Terraced
Ready-income property with parking and refurbishment upside for hands-on buyers.
Freehold Victorian terrace with mixed commercial and residential use
A substantial Victorian terraced property arranged as a ground-floor commercial unit and a two‑storey one‑bed maisonette above. The ground floor trades as a convenience store (shop income £8,000pa) while the flat currently produces around £7,740pa (tenant on a rolling tenancy; S13 rent increase to £745pcm underway). The sale is freehold, with tenants in situ and no onward chain — straightforward for a buyer seeking an income stream and immediate occupancy.
Practical features include a basement for storage, a small rear courtyard garden and off‑street parking for multiple vehicles — unusual for this central location. The maisonette has a bright front living room, compact modern kitchen and a large double bedroom with eaves storage. Broadband and mobile signal are strong and there is no flood risk.
Notable considerations: the area is classified as deprived with above‑average crime rates, and parts of the property show dated decor that will need updating to maximise capital value. The commercial lease is five years with a year‑on‑year mutual break clause and some tenancy terms are rolling, so buyer due diligence on income security and tenant agreements is essential.
This is best suited to an investor or small landlord familiar with managing mixed‑use buildings in urban settings, or a buyer willing to hold with gradual refurbishment. The combination of immediate income, parking and storage space gives scope to improve rents and long‑term value with targeted upgrades.
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