Darling Properties acquired this building as a well-located mixed-use asset within Eastbourne town centre. The property was held and managed over a number of years, during which time it was let in its entirety to a single occupier.
Following the tenant’s retirement, the asset was actively repositioned. The commercial element was re-let to a travel agency operator, whilst the upper parts were prepared for future residential use.
The property was subsequently disposed of, with a commercial tenant in place and the residential accommodation offered with vacant possession, enabling a profitable exit and reinvestment into further opportunities.
The building comprises a substantial four-storey mid-terrace property, arranged with retail accommodation at ground and basement level and residential units above. It occupies a prominent position within Grove Road, part of Eastbourne’s well-established “Little Chelsea” district.
Eastbourne is a popular South Coast town with a population in excess of 100,000. The mainline railway station, located approximately 350 metres from the property, provides direct access to London Victoria in around 1 hour 15 minutes, and the nearby Arndale Centre offers a wide range of retail amenities.