High Street, Polegate

Property Details: • Type: End of Terrace • Tenure: N/A • Floor Area: N/A

Key Features: • FREEHOLD INVESTMENT • Mixed Use Investment • Auction Deadline 25/09/2024

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 39-41 Seaside, Eastbourne, BN22 7NB

Full Description: ERV: £34,500PER annumFreehold Mixed-Use Commercial Property in PolegateProperty OverviewLocation: PolegateProperty Type: Freehold Mixed-Use Commercial Property with Residential MaisonetteKey FeaturesCommercial Unit:Long and reputable trading historyAnnualised income: approximately £80,000All fixtures and fittings included within the sale priceVacant possession available upon salePotential rental income: £16,500 per annumResidential Unit:Spacious and well-presented 3-bedroom maisonettePrivate accessPotential rental income: £18,000 per annumTotal Potential Annualised Income: £34,500 per annumProperty DescriptionThis exceptional freehold mixed-use commercial property, located in the thriving area of Polegate, presents a unique investment opportunity. The building comprises a well-established commercial unit on the ground floor and a spacious, well-maintained 3-bedroom maisonette on the upper floors, each with its own private access.The commercial unit has a long-standing and reputable trading history, generating an impressive annualised income of approximately £80,000. With the inclusion of all fixtures and fittings in the sales price, this property offers a seamless transition for the new owner to continue the profitable operations. Additionally, the business benefits from small business relief, further enhancing its appeal.The 3-bedroom maisonette above the commercial unit is spacious and well-presented, providing comfortable living accommodation. With its private access, it offers the potential for a rental income of £18,000 per annum, adding to the overall profitability of the property.Investment PotentialThe property is located in an area experiencing significant growth, with hundreds of new houses being developed nearby. This expansion is expected to increase footfall, sustainability, and profitability for the commercial unit. The current owners, who reside in the upper maisonette and operate the commercial premises, are selling the property to relocate closer to family outside the area. They have enjoyed a healthy income over the years and believe this property will continue to be a lucrative investment for the new owner.Sales InformationThe property is being sold with vacant possession, making it an ideal purchase for investors looking for immediate occupancy. The building is for sale via online auction through Milestone Group. Contact InformationFor further details or to arrange a viewing, please visit our website or contact us directly.Tenure: FreeholdBrochuresBrochure