Flat , Cloona East, Carlisle Road, Eastbourne

Investment Opportunity: Freehold of Cloona East, Carlisle Road - Flats 3, 4, & 5

Milestone Group is excited to present an exceptional investment opportunity in the form of the freehold for Cloona East, encompassing Flats 3, 4, and 5. This property, formerly the manor house of the Duke of Devonshire, holds significant historical value and potential for substantial returns.

Key Features:

Insured Property: The property is fully insured, providing peace of mind for potential investors.

No Managing Agent: There is currently no managing agent, offering flexibility and the opportunity for self-management or appointment of a preferred agent.

Long Leases on Flats 3 & 5:

Flat 3: A large, spacious unit with a long lease of 964 years remaining.

Flat 5: Another large unit, also boasting a long lease of 964 years remaining.

4. Short Lease on Flat 4:
Flat 4: This unit has a shorter lease of approximately 56 years remaining, presenting a unique opportunity for lease extension negotiations and potential value uplift.

5. Historic Significance: The building was previously the manor house for the Duke of Devonshire, adding a layer of prestige and historical importance to the property
Cost Breakdown:

Legal Costs: It is standard practice for the buyer to cover all legal costs in these transactions. Estimated legal fees are approximately £1,000.plus vat

Agent Fees: The buyer is also responsible for the agent fees, which amount to 4,000 + VAT.

This freehold presents a rare chance to own a piece of history with significant investment potential. The combination of long leases on two of the flats, the opportunity to extend the short lease on Flat 4, and the property's prestigious background make this an attractive investment proposition.

Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. The property is subject to prior sale, change, or withdrawal without notice. Legal and agent fees are the responsibility of the buyer.