Terminus Rd - Terminus Buildings Local commercial | 594 m² | 704 042 € | À vendre | Eastbourne BN21 1BN

Ground and basement restaurant unit at a busy corner location near Eastbourne Station, fully refurbished in 2024 with modern interiors and storage space below.

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.