Langney Road, Eastbourne

This detached freehold building presents a compelling opportunity for renovation and investment, situated on the outskirts of Eastbourne town centre, close to the desirable Seaside area. With planning permission granted in December 2024, there is potential to transform the ground floor offices and meeting rooms into a three-bedroom residential flat with designated off-street parking. Given current market trends, this unit could generate rental income approximately estimated at £1,400 per month. The property comprises three levels, with an existing first-floor flat accessed via its own external staircase. This two-bedroom flat is currently tenanted under an assured shorthold tenancy at a rent of £899 per month, providing immediate cash flow while you explore further development options. Additionally, the second-floor flat has been sold on a long lease of 99 years from December 2004, though it still possesses potential for a lease extension. The lessee contributes to one-third of external repair costs and provides ground rent income—a rare benefit adding to the overall investment appeal of the property. Furthermore, there is a self-contained commercial unit within the building covering approximately 77.7 square meters. This versatile space could serve various business needs or hold potential for further development depending on council regulations. This property offers a unique chance to acquire an entire freehold building in a location poised for growth and transformation. Whether you're considering enhancing existing units or exploring new residential opportunities amid ongoing urban renewal efforts, this offering merits careful consideration for any savvy investor or developer looking to capitalize on Eastbourne's evolving landscape.