Gorringe Road, Eastbourne

Luxury Investment Opportunity - Eastbourne
(10 x Self Contained Studios, 1 x 1 bedroom flat, 1 x 2 bedroom Apartment & 7 x Luxury HMO Rooms)

Tenure: Freehold

Income: £263,040

Internal Measurement: 650m2

Type: Mix of self contained units and luxury HMO rooms

Purchase: SPV

This is a rare opportunity to acquire an exceptional income-generating property, delivering a substantial annual return of £263,040 with an impressive net yield of 8.76% after costs. Designed for the discerning investor, this recently converted building combines luxury with functionality, making it an attractive proposition for both high-end tenants and investors seeking a high-yield, low-maintenance asset.

The property offers a unique mix of accommodation, featuring fully self-contained units and luxury rooms with shared high-end facilities. Each of the 20 beautifully designed bedrooms is equipped with an en-suite bathroom, offering the ultimate in comfort and privacy for residents. The building's interior has been completed to show home standards, with premium fixtures, fittings, and bespoke furnishings that exude elegance and sophistication.

In addition to the luxurious private spaces, the property provides generous communal amenities, creating a sense of community for tenants. This combination of privacy, shared living, and modern convenience makes the property highly appealing to professionals, corporate tenants, and those seeking upscale living arrangements.

Located in one of Eastbourne's most sought-after areas, the property is within walking distance of the town centre and the mainline train station, offering excellent transport links and proximity to a wide range of local amenities. This prime location ensures consistent tenant demand and maximizes the property's income potential.

For investors, this is an unparalleled opportunity to acquire a property that offers both strong rental returns and luxurious living standards. With the growing demand for premium accommodation in Eastbourne, early interest is recommended to secure this one-of-a-kind investment.

PROPERTY INFORMATION

The building comes fully furnished, with each room featuring its own private shower and WC for added convenience. The central heating system is brand new, with both buildings having their own unvented cylinders for efficient heating. All wiring and plumbing have been completely replaced, ensuring everything is up to modern standards. The corridors are equipped with PIR movement detection lighting for added energy efficiency.

Each door in the building is crafted from Oak Veneer, while all light switches and sockets have a sleek chrome finish. The lighting throughout the building consists of low-energy LED fixtures, contributing to overall cost savings. There are six brand new washing machines available for residents' use, and all kitchens are fully electric with halogen hobs, eliminating the need for gas.

Both buildings have brand new fire alarm systems and are fully compliant with fire safety regulations, featuring double-insulated fireboards and intumescent strips on the doors. Flat 12 has the latest 60-minute fire doors for added protection. The building also includes a store cupboard with carpet cleaners and vacuums, as well as a garden shed stocked with a mower and tools for maintenance.

The roofs are fully insulated, and the flat roof has been replaced this year, complete with new skylights. All windows are double-glazed UPVC for improved energy efficiency. Since opening, the building has maintained 100% occupancy.

The property is completely debt-free, with no borrowing or charges, and there are no contracts with external suppliers or agents. Additionally, brand new Klargester pumps have been installed in the rear sewage tank. A £3,000 internet WiFi system was installed just eight weeks ago, providing even coverage at 100mbps throughout the building for just £47 per month. The only other ongoing costs are utilities and council tax, making this a highly efficient and low-maintenance investment opportunity.

Disclaimer
The information provided is intended for marketing purposes only. The feasibility assessment has been conducted internally and may vary depending on current market conditions and interest rates at the time of investment. We have used an interest rate of 4.5% per annum based on comparable data for this analysis. Prospective investors are encouraged to perform their own due diligence and seek independent financial advice before proceeding with any investment.

Tenure: Freehold