Summary - Flat 4, 40-42 Cooden Sea Road, BEXHILL TN39 4SL
1 bed 1 bath Shop
Secure steady income from a coastal unit with established tenants and strong footfall..
Long-term tenant in situ paying £850 pcm (5 years tenancy presently)
632 sq ft ground-floor unit with large glazed frontage
New 999-year lease to be granted at exchange
Gross annual income £10,200; approx 8.5% gross yield
Service charge c. £1,500 per annum
No flood risk; excellent mobile signal and fast broadband
Viewings by appointment only while business operates
Leasehold sale; tenant limits immediate vacant possession
This ground-floor commercial unit in Little Common is offered with a long-term tenant in situ, providing immediate rental income and minimal management fuss. The tenant currently pays £850 pcm, producing a gross annual income of £10,200 (approximately 8.5% gross yield at the asking price of £120,000).
The premises extend to 632 sq ft with a prominent glazed frontage, double doors, and a single WC, suitable for retail or professional use. A new 999-year lease will be granted at exchange, and the property benefits from fast broadband, excellent mobile signal, and no flood risk.
Running costs include a service charge of approximately £1,500 per annum. Viewings are strictly by appointment because the business is fully operational and the tenant remains in place; further commercial details available on request. This is a straightforward purchase for an investor seeking a hands-off, coastal-location letting with established footfall and local amenities nearby.
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