56a Seaside Road, Eastbourne | Property for sale | Savills
Guide price £230,000(€271,895)

56a Seaside RoadEastbourne

  • New
  • Sole agency
  • Leasehold
Investment
Yield 12%Yield

Key features

  • High Yielding Retail Investment
  • New Five Year Lease
  • Producing £25,000 per annum
  • Fixed Rental Uplifts
  • Lapsed Planning Consent for Residential Use
  • Average Rent - £28,000 per annum
  • Guide Price Reflects 12% Gross Yield on Average Rent
  • VAT Free Investment

Let on a Five Year Lease Producing £25,000 per annum with an Uplift to £30,000 per annum in November 2025. Previous Planning Consent for Residential Conversion

About this property

  • The property comprises a high yielding retail investment opportunity situated on a popular street in Eastbourne. Arranged across ground and basement floors, the property is fully let on a lease expiring 31/10/2028 and paying £25,000 per annum. The lease includes a fixed rental uplift to £30,000 per annum from 01/11/2025. The property may offer medium/long term development potential (subject to obtaining the requisite consents) and previously had planning consent for change of use to provide retail accommodation alongside 1 x two bedroom flats and 1 x one bedroom flats. Seaside Road is one of the principal arterial routes in Eastbourne, offering the principal vehicular and pedestrian thoroughfare between the town centre, which includes the Station and the Arndale shopping centre, and the seafront and Eastbourne Pier. The surrounding use is a mix of local retail and residential.

Additional information

  • Tenancy:
  • The property is let to Aqua Property Limited on a five year lease expiring 31/10/2028 and paying £25,000 per annum.
  • The lease includes a fixed rental uplift to £30,000 per annum from 01/11/2025 and therefore the average rent over the term certain is £28,000 per annum. The lease is on internal repairing and insuring terms and is contracted out of the security of tenure provisions of the Landlord and Tenant 1954 Act.
  • Planning:
  • The property has lapsed planning consent (Reference: PC/210149) for change of use to provide a mixed use scheme including retail accommodation alongside 1 x two bedroom flats and 1 x one bedroom flats.

All content © copyright Savills. All rights reserved. Savills plc is a holding company, subsidiaries of which are authorised and regulated by the Financial Conduct Authority (FCA) Savills (UK) Limited. A subsidiary of Savills plc. Registered in England No 2605138. Registered office: 33 Margaret Street, London, W1G 0JD. Savills Commercial Limited. A subsidiary of Savills plc. Registered in England No 2605125. Registered office: 33 Margaret Street, London, W1G 0JD Savills Italy S.r.l. a sole quota-holder company, registered office in Milano, Via Manzoni 37, registered with the Company Register of Milan at No 07171511004, subject to management and coordination of the parent company Savills Plc., pursuant to Article 2497-bis of the Italian Civil Code. Savills Italia S.r.l. a sole quota-holder company, registered office in Milano, Via Manzoni 37, registered with the Company Register of Milan No 07541860156, subject to management and coordination of the parent company Savills Plc., pursuant to Article 2497-bis of the Italian Civil Code.

Find us on social