Auction House UK · 21 Oct 2026 · in 2 days
Freehold Set Of Garages And Basement Store Room - Let At £3,000 PA
Garage 1 & Garage 2, 247 Elms Road, Eastbourne, BN21 3PS · South East
LiveOtherLetGuide cut
- Guide
- £45,000was £70,000
- Rent a year
- £3,000
- Yield on the guide
- 6.7%
- Payback
- 15 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
What it costs to own
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The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
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From what comparable lots actually sold for against their guide, in Cornerlot's results.
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Auction House UK hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
- Guide cut from £70,000 to £45,000 (36% lower), 14 Oct 2026.
Auction House UK's record
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Create an accountAbout the lot
Commercial lot in Eastbourne. Producing £3,000 a year, a 4.3% gross yield at the guide.
Lot 20, Garages. Freehold Set Of Garages And Basement Store Room - Let At £3,000 PA: A rare opportunity to acquire 2 x freehold garages and basement store room in Eastbourne. Access to the garages is off Elms Road. **Please note the auctioneers have not been able to inspect the garages internally, to confirm the condition or size of the garages and basement store room.** Situation The garages are situated on the West side of Elms Road, opposite the car park. The property is located within easy access of local amenities on Terminus Road and the seafront. The Beacon Shopping Centre and train station are just over half a mile away of the property. Location Pin (What3Words): forces.luxury.marker https://w3w.co/forces.luxury.marker Measurements The auctioneers have not in inspected the garages internally. NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY Tenancy We have been informed by the seller the garages are let on individual licence agreements, at £125.00 pcm for each garage. Total rent for £3,000 per annum. Please review the legal pack for further details. Tenure Freehold. Lot Type: Garages
Figures come from Auction House UK's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.