97-101 Terminus Road, Eastbourne

Prime retail investment with future residential development potential

• Eastbourne is a thriving East Sussex coastal town with a primary catchment of 325,000 people, attracting over 4.5 million visitors each year

• 100% prime location on pedestrianised Terminus Road

• Well secured to Poundland Ltd and Hays Travel Ltd who signed new leases in March 2020

• WAULT of 3.2 years to break and  4.75 years to expiry

• Total current income of £231,000 per annum

• Freehold

• Two well configured retail units with future asset management potential on the upper floors to create residential accommodation

We are instructed to seek offers in excess of £2,300,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 9.44%, after allowing for purchaser’s costs at 6.34%.