Western Road, Bexhill-on-Sea, East Sussex, TN40

£305,000

3 bedrooms 3 bedrooms 1 bathroom 1 bathroom
Market Rent: £1675 Estimated gross yield: 6.6%

Located on the South Side of Western Road, between Devonshire Road and Sackville Road in the ever popular town of Bexhill you will find a fantastic opportunity to purchase a freehold retail shop with living accommodation above. Both the shop and maisonette have been refurbished over recent years and offer a great investment with a 6.6% yield.

The Location

The property is situated on the south side of Western Road, midway between Devonshire Road and Sackville Road within the ever popular Town of Bexhill-on-Sea.

Bexhill-on-Sea once known as 'Bexelei' is home to a number of archaeological sites, a Manor House in the Old Town, an abundance of Edwardian and Victorian architecture, and the famous De La Warr Pavilion which is only a stone's throw away from the property.

The town is served by the coastal railway line with links to Ashford, Brighton and London Victoria as well as a regular Bus Service to Hastings and Eastbourne.

The Property

The property is offering a freehold retail shop, with living accommodation above, which has been modernised by the current owners over the last couple of years.

The retail shop is currently let on a fifteen-year lease and is currently A3 usage as fish and chip shop. The fish and chip shop is currently offering a five star rating on trip advisor and has been refurbished by the current tenant to an extremely high standard.

The two-floor residential maisonette is currently let on an AST at £675.00 PCM but could be vacant for a potential purchaser. The residential flat offers private entrance next to the shop and accommodation is arranged as follows:


Residential Apartment

Entrance Hall

Kitchen 9'8" x 5'5" (2.94m x 1.65m)

Living Room 16'4" x 16'3" (4.97m x 4.95m)

Bedroom One 13'4" x 9'2" (4.06m x 2.79m)

Bedroom Two 13'1" x 9'3" (3.98m x 2.81m)

Bedroom Three 12'11" x 9'4" (3.93m x 2.84m)

Bedroom Four 9'7" x 6'6" (2.92m x 1.98m)

Bathroom

Ground Floor Retail Shop

Front Shop

Rear Kitchen Area

Utility Area

FREEHOLD SHOP INVESTMENT:
The shop has been let on a fifteen year lease with a five year break clause currently achieving £12,000.00 Per Annum.
FREEHOLD RESIDENTIAL APARTMENT
The four bedroom maisonette is currently let on assured short hold tenancy achieving £8,100.00 Annually

Floor plans

EPC

View map

Downloads

Key Features

  • Freehold
  • Retail Shop
  • Residential Four Bedroom Apartment
  • Popular Location
  • 6.6% yield

Call Hastings office 01424 723 523 37 Havelock Road Hastings East Sussex TN34 1BE

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