Initial price	£500,000
24/05/25	£450,000
Price Change	-10.00%

This substantial corner property is situated on the Promenade, just 200 meters from the Town Centre and North Pier, and offers a rare opportunity to acquire a fully let investment property. The property is currently arranged as six commercial businesses, including a hotel, retail units, a cafe, and a guest house, which produce a rental income of circa £50,000 per annum. The businesses are all let on varying lease terms, with the longest lease being three years from December 2024. The property has potential for future development into apartments, subject to planning permission, and offers a gross return of 12.5%. With its prominent location and diverse range of businesses, this property presents a unique investment opportunity.