379 South Coast Road, Telscombe Cliffs, East Sussex, BN10 7EU

Description

A rare opportunity to purchase a substantial freehold mixed-use building. The property is configured over ground and first floors, with the ground floor providing large restaurant accommodation with bar, commercial kitchen to rear, seating for approximately 100 covers and customer w/c facilities. The first floor is arranged into five rooms, bathroom and separate w/c. Access to the first floor can be found via the northern elevation or internally through the kitchen. The property also benefits from on site car parking.

Accommodation

Ground Floor: 214.70 sqm / 2,311 sq ft. First Floor: 66.70 sqm / 718 sq ft. Total approximate floor area: 281.40 sqm / 3,029 sq ft.

Location

Situated on the main A259 South Coast Road, leading into and out of Peacehaven and surrounding areas. The property can be found within an established parade of local retailers and opposite Texaco petrol station. Brighton is approximately six miles east and regular bus services provide easy access into Brighton city centre. Location Pin (What3Words): milder.pressing.revamping.

Tenure / Property Information

Investment Analysis

The £400,000 guide is not directly supported by the supplied sold comparables, which are nearby residential semi-detached or detached properties and are not suitable direct mixed-use comparables. No commercial valuation, rental evidence, GDV or refurbishment budget is provided, so market value and maximum bid cannot be established reliably.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after commercial/mixed-use valuation, legal-pack review, planning and use confirmation, building survey, and verified income or resale evidence.

Works Required

No physical defects or required works are evidenced. Obtain a building survey and assess the restaurant accommodation, commercial kitchen, first-floor rooms, bathrooms, parking and services before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten because GDV, rent, refurbishment costs and refinance valuation evidence are unavailable. The 1% administration fee applies, subject to the stated £1,750 minimum, with possible additional disbursements and other legal or transfer charges.

Buy-to-Let Analysis

No sufficiently specific rental evidence or passing rent is supplied. A BTL yield cannot therefore be calculated. The mixed-use configuration and five first-floor rooms require confirmation of lawful use, letting demand and mortgageability.

Flip Analysis

A flip appraisal cannot be completed. The supplied residential comparables do not establish a resale value for this mixed-use freehold building, and no works budget or selling-cost allowance is provided.

Investor Risks & Due Diligence

• Mixed-use value is not supported by the supplied residential sold comparables.

• No passing rent or sufficiently specific rental evidence is available.

• Condition, repair requirements and services are not stated.

• Planning, lawful use and legal-pack details are not supplied.

• Administration, disbursement, search, seller-cost, legal and transfer charges may increase total acquisition cost.

Recommendation

Do not bid on the current evidence alone. Proceed only after commercial/mixed-use valuation, legal-pack review, planning and use confirmation, building survey, and verified income or resale evidence.

Strategy Rating

Analysis Confidence

The property description and guide are supplied, but there is no condition assessment, commercial valuation, rent evidence, GDV, works budget or directly comparable mixed-use sales evidence.