This is a rare opportunity to acquire a substantial freehold commercial property in a stunning prime position. With a variety of potential uses & development potential, the entire building is available, currently comprising:
- A 250 m2 ground floor cafe/restaurant with an annual rental value of £30,000 P/A
- Two flats, each with two bedrooms (floor area 70m2 each) presently let on AST totalling £1,325 PCM
- One three-bedroom flat (floor area 95m2 ) presently let on AST of £695 PCM
This makes the total potential rental income of £54,240 P/A. The property itself was built by Lord De La Warr in 1899 and has had no expense spared when it comes to the upkeep and maintenance of its condition. The café is fully equipped with all the necessary and up to date equipment and all three flats are in excellent condition. The property is currently across three floors, but could easily be expanded subject to planning.
Residential Location, Close to Local Businesses, Limited Competition