Your email has been sent.
Terminus Rd - Terminus Buildings 6,389 SF Retail Condo Unit Offered at $814,111 in Eastbourne BN21 1BN
Investment Highlights
- Corner position fronting Station Roundabout
- Recently refurbished to high specification
- Surrounded by active retail and dining area
- Adjacent to main entrance of Eastbourne Station
- Prominent glazing with strong street presence
Executive Summary
The property is situated in Eastbourne, approximately 19 miles east of Brighton and 55 miles south of London, with access via A22 and A27 routes. The location offers proximity to London Victoria and Gatwick Airport by direct rail connections through Eastbourne Station, which is positioned adjacent to the property. The surrounding area includes The Beacon Shopping Centre and a range of retail and service businesses along Terminus Road. The property occupies the ground and basement floors of a four-storey building and has a long leasehold interest of 999 years dating from June 2007. EPC rating is C-75.
1 Unit Available
Unit 1
| Unit Size | 6,389 SF | Sale Type | Investment |
| Price | $814,111 | Tenure | Long Leasehold |
| Price Per SF | $127.42 | Cap Rate | 9.70% |
| Condo Use | Retail | NOI | $78,968.79 |
| Unit Size | 6,389 SF |
| Price | $814,111 |
| Price Per SF | $127.42 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 9.70% |
| NOI | $78,968.79 |
Description
Ground and basement restaurant unit at a busy corner location near Eastbourne Station, fully refurbished in 2024 with modern interiors and storage space below.
Sale Notes
This investment opportunity features a long-let restaurant property in a high-traffic location within Eastbourne, an established coastal town and major tourist destination on the UK’s south coast. Positioned prominently adjacent to Eastbourne Station, the property offers exceptional visibility and accessibility, benefiting from continuous footfall from commuters and visitors.
The asset comprises a modern restaurant at ground level and ancillary/storage accommodation at basement level, both extensively refurbished in 2024 to a high standard. It is fully let to Eastbourne Turkuaz Limited on a FRI lease at £61,000 per annum, with an unbroken term running until June 2039. The lease includes upwards-only rent reviews, capped at 10%, on the fifth anniversary.
The long leasehold interest extends to 999 years from 2007 at a peppercorn rent, providing secure tenure and low operational costs. Offers are invited in excess of £600,000, reflecting an attractive net initial yield of 9.70% and a low capital value of £94 per sq ft, assuming standard purchaser costs. Situated in a thriving retail and dining hub, the property benefits from strong demographics, major transport links, and Eastbourne’s status as a popular destination for tourists and residents alike.
Building Interior
Building Interior
Property Facts
| Total Building Size | 18,414 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 6,138 SF |
| Property Subtype | Restaurant | Year Built | 1934 |
| Building Class | B | Lot Size | 0.25 AC |
| Total Building Size | 18,414 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Restaurant |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 6,138 SF |
| Year Built | 1934 |
| Lot Size | 0.25 AC |
Nearby Major Retailers
Presented by
Terminus Rd - Terminus Buildings
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.