St. Leonards Road, Eastbourne, East Sussex, BN21
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
34
- BATHROOMS
34
- SIZE
13,957 sq ft
1,297 sq m
- 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
- Modern freehold block of 16 self-contained apartments
- 14 two-bed apartments and two three-bed penthouses
- Producing £224,400 annual rent
- Fully let annual rent of £261,000
- Investment yield of 7.5%
Description
Towermead occupies a prime central position on St Leonard's Road, just:
* 275 metres from Eastbourne railway station, providing direct services to London Victoria (circa 90 minutes), Brighton and Gatwick Airport.
* Within 400 metres of Terminus Road, the town's principal retail and leisure destination, including The Beacon Shopping Centre
This central location ensures excellent connectivity and immediate access to shopping, restaurants and local amenities, underpinning consistent tenant demand.
The Property
Towermead is an impressive freehold residential block, extensively converted and extended to a high specification in late 2023. Originally a 1970s office building, the property has undergone a comprehensive transformation, including the addition of two new floors to create a modern, six-storey landmark.
The building is designed for modern accessibility, offering level access and a passenger lift serving all floors. The communal areas are finished to a high standard, with well-maintained carpeting in corridors and durable vinyl flooring in the stairwells.
Externally, there is brick paved parking for four vehicles to the front of the building, whilst to the rear is a tarmac surfaced car park for eight vehicles, together with bin storage, and a secure cycle store at the side of the building.
Accommodation
The block comprises 16 self-contained apartments, offering a versatile mix of high-end units:
* 14 Two-Bedroom Apartments: Each features an entrance hall, an open-plan kitchen and sitting room, and a modern bathroom. Apartments 1 and 2 further benefit from en-suite shower rooms to the master bedrooms.
* 2 Luxury Penthouse Apartments: Located on the upper floors, these units offer enhanced living space:
o Apartment 15: A two-bedroom penthouse featuring a dressing room (utilising the third bedroom), en-suite, and two private balconies.
o Apartment 16: A substantial three-bedroom penthouse with a similar open-plan layout and dual balcony access.
Planning & History
The conversion was completed under permitted development rights (Ref: PC/150598) and subsequent planning consents (Ref: PC/151201), which saw the original mansard roof replaced with three new levels of high-quality residential construction.
Investment Yield
Currently, one apartment is vacant, and the total monthly passing rent is £224,400 with the potential to be approximately £261,000 when fully let. This represents a potential yield of 7.5%.
Tenancies
14 apartments are let on AST agreements. One is currently vacant, and one of the penthouses will have vacant possession at completion.
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
St. Leonards Road, Eastbourne, East Sussex, BN21
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Visit our security centre to find out moreDisclaimer - Property reference 31225. 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 GPS Commercial, 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 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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