Mixed Use Investment East Sussex BN22 £320,000-£325,000

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Auction date: Tue, 28/02/2017 - 11:00

This mid-terraced property is arranged over five floors and consists of ground floor and basement retail premises currently trading as a newsagent with four self-contained studio apartments above with 2 x communal shower rooms. The residential units are all currently let on a 5 year lease at £18,720 per annum. The retail premises are let on a new 5 year lease on full repairing and insuring terms at a passing rent of £6,000 Per Annum. At present the property produces approximately £24,720 per annum. Ideal investment opportunity.

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Tagged
retail shop flats investment tenant landlord buy to let east sussex BN22 eastbourne south east england

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