Town Centre, St. Leonards-On-Sea
- PROPERTY TYPE
House
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- For Sale by Auction on 27th June 2024
- Residential Freehold Investment
- 8 Self Contained Studio Flats
- All Let and Producing an Annual Net Rent of 47,700
- High Yielding at 10.6%
- Tenants Are Responsible For Paying Their Own Bills in Full
Description
Auction Guide £450,000+
High yielding freehold residential investment allowing for a highly sought after return of 10.6% comprising of 8 self contained studio flats all let on AST's as follows.
Flat 1....50 sq m let at £6,000 per annum EPC D
Flat 2....36 sq m let at £5,940 per annum EPC E
Flat 3....33 sq m let at £6,000 per annum EPC D
Flat 4....44 sq m let at £5,940 per annum EPC E
Flat 5....50 sq m let at £6,000 per annum EPC D
Flat 6....38 sq m let at £5,940 per annum EPC D
Flat 7....31 sq m let at £5,940 per annum EPC D
Flat 8....44 sq m let at £5,940 per annum EPC D
Total rent net per annum exclusive of all bills is currently £47,700. We are advised the tenants are responsible for paying their own bills in respect of electricity and water directly to the providers.
The property offers a significant yearly income at an exceptional return whilst at the same time includes meaningful break up value.
Located in the heart of St Leonards on Sea close to mainline railway station, the seafront as well as local shops, pubs, restaurants and coffee shops.
*Fees apply please refer to auction team*
Brochures
Town Centre, St. Leonards-On-SeaEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Town Centre, St. Leonards-On-Sea
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St Leonards Warrior Square Station0.2 miles
- West St. Leonards Station0.8 miles
- Hastings Station0.8 miles
About the agent
Parsons Son & Basley, Brighton
32 Queens Road, Brighton, BN1 3YE
PS&B have been providing professional property services since 1825 and is one of the oldest independent firms of Chartered Surveyors, Valuers and Estate Agents in the UK. We are responsible for the letting and management of thousands of properties throughout the UK and are well established in Brighton & Hove, Bognor Regis and Portsmouth.
With nearly 200 years of experience in selling and letting property, PS&B is steeped in a wealth of history and offers an unrivalled experience. Our de
Industry affiliations
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Visit our security centre to find out moreDisclaimer - Property reference 33063866. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parsons Son & Basley, Brighton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Parsons Son & Basley, Brighton on 01273 109882.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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