>
4 bedroom terraced house for sale
Athens Restaurant, Terminus Road, Eastbourne
£640,000
Athens Restaurant, Terminus Road, Eastbourne
£640,000
Price History
Initial price | £699,950 |
29/02/24 | £675,000 |
30/03/25 | £640,000 |
Price Change | -8.56% |
Description
This property on Terminus Road in Eastbourne offers a unique investment opportunity with a potential leveraged yield of 12.209% per annum. The property features a thriving restaurant on the ground floor and residential spaces above, including a spacious 3-bedroom maisonette and a self-contained apartment. The building's layout is versatile, allowing for multiple options, including maintaining the current configuration or dividing the spaces into separate, self-contained units. The property's prime location near the beach and its high visibility on Terminus Road make it an attractive investment, with potential for both commercial and residential utilization. With a projected annual income of £76,856, the net income after utility costs and mortgage payments is estimated at £38,906, providing a leveraged return on invested capital of 18.6599%.