Get brand editions for Home Sweet Home, Eastbourne

8 bedroom block of apartments for sale

Seaside Road, Eastbourne, East Sussex, BN21

Fixed Price £900,000

Property Description

Key features

  • A CHANCE TO PURCHASE 8 FLATS AND THE FREEHOLD
  • A VERY WELL MAINTAINED DETACHED PROPERTY
  • CLOSE TO TOWN CENTRE AND THE SEAFRONT
  • 7 x 1 BEDROOMS FLATS AND 1 x STUDIO FLAT ALL CURRENTLY LET
  • GCH SYSTEM TO EACH FLAT
  • ENTRY-PHONE SYSTEM
  • FIRE ALARM SYSTEM
  • COMMUNAL REAR PATIO GARDEN
  • MOTION SENSOR LIGHTING IN THE COMMUNAL AREAS
  • VIEWING RECOMMENDED

Full description

Tenure: Freehold

The property was developed by the current owners in 2000 / 2001.
This included the conversion into 12 flats, a new roof and rebuilding most of the front elevation.

The fixed asking price of 900,000 includes the following works....IN LATE 2017 / EARLY 2018 the outside of the property and the internal communal areas will all be re-decorated and refurbished as necessary. The one flat which is currently vacant will also be refurbished and then let.

LOCATION:
This imposing detached property is located within the town centre area of Eastbourne, being within a few hundred yards of the seafront and well placed for access to a variety of local shopping facilities and bus routes. Town centre shopping facilities, theatres and the mainline railway station is within approximately half a mile.


ACCOMMODATION:

The flats are numbered 1 to 12.

The four flats already sold on 125 year leases with a peppercorn ground rent are: Flat 5, 6, 9 and 12.


The remaining 8 flats are all currently let producing a current monthly income as follows:

Flat 1 525 one bedroom lower ground floor flat - 37m
Flat 2 525 one bedroom lower ground floor flat - 45m
Flat 3 500 studio flat - 31m
Flat 4 495 one bedroom - 41m
Flat 7 495 one bedroom 1st floor flat - 38m
Flat 8 495 one bedroom 1st floor flat - 39m
Flat 10 475 one bedroom top floor flat - 46m
Flat 11 495 one bedroom top floor flat - 38m

Current Total 4,005 per month.*

*In our opinion all 8 flats could be due a rent increase of between 25 and 75 per month.


Please Note: Appliances, heating and hot water systems have not been tested.
All measurements are approximate.

Purchasers must seek confirmation from their own solicitor with regards to the exact terms of the leases and the exact charges for any ground rent and maintenance.


Listing History

Added on Rightmove:
28 June 2017

Nearest stations

  • Eastbourne (0.5 mi)
  • Hampden Park (1.8 mi)
  • Pevensey & Westham (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Home Sweet Home, Eastbourne

117 South Street Eastbourne BN21 4LU

01323 380043 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Home Sweet Home, Eastbourne

117 South Street Eastbourne BN21 4LU

01323 380043 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest stations

  • Eastbourne (0.5 mi)
  • Hampden Park (1.8 mi)
  • Pevensey & Westham (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Home Sweet Home, Eastbourne

117 South Street Eastbourne BN21 4LU

01323 380043 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference H3200. 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 Home Sweet Home, Eastbourne. 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.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

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