EASTBOURNE

Eastbourne, 17 Cornfield Road BN21 4QD

Well Secured Freehold Retail and Office Investment

Lakeland & Stagecoach

Please find, via the link, details of this well secured freehold retail and office investment in Eastbourne which we have instructions to sell for clients.

The property has the following key attributes that we would like to draw to your attention:

• Eastbourne is a popular East Sussex seaside resort town
• Busy retailing location on Cornfield Road
• Large well configured store with self-contained offices above
• Well secured to two strong covenants
• Lakeland has been in occupation for over 25 years
• Rack rented off recently renewed leases
• Future development prospects

Our clients have instructed us to seek offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT for the freehold interest in the property. A purchase at this price would show an investor an attractive net initial yield of approximately 8.31% assuming standard purchaser’s costs.