Summary -
43a South Street,EASTBOURNE,BN21 4UT
BN21 4UT
1 bed 1 bath Residential Development
**Key Features:**
- Mixed-use freehold investment and residential development opportunity
- Recently refurbished with two large 2-bedroom flats
- Strong investment potential at £71,340 PAX, reflecting an 8.51% net yield
- Located in a busy retail area of Eastbourne's 'Little Chelsea' district
- Striking Edwardian corner building built in 1899, offering 7,323 sq ft of space
- Ground floor commercial tenant: Dignity Funerals Ltd; financially robust with significant shareholder funds
- Sept. deadline for offers creates urgency
This impressive mixed-use property located in the vibrant heart of Eastbourne presents a rare investment opportunity. With its striking Edwardian architecture and significant size, this four-story building offers a large internal floor area perfect for both residential and commercial uses. The property features two newly renovated 2-bedroom flats that are currently tenanted, ensuring immediate rental income. The commercial aspect, fully rented to a well-established tenant, provides a solid return on investment, making it an ideal choice for savvy investors or developers looking for a combination of reliable income and future enhancement potential.
Situated in a desirable retail area of 'Little Chelsea', this property not only benefits from foot traffic but also enjoys accessibility to local amenities, educational facilities, and community services. While the area is characterized by high crime rates, the investment's overall value, combined with its prime location and robust rental income, outweighs the concerns. This is an exclusive opportunity for those seeking to capitalize on a property with a blend of immediate returns and long-term growth potential. Don't miss out; offers are requested by noon on Wednesday, July 30, 2025.
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