Properties For Sale by GPS Commercial, Eastbourne, including sold STC

A fully consented development opportunity situated in the centre of Hailsham, East Sussex with detailed planning permission secured for the creation of 34 one and two-bedroom apartments

An outstanding investment property comprising a commercial shop, five-room HMO and two-room apartment (let on a room-by-room basis) close to Eastbourne town centre. The shop and rooms are all fully occupied producing an annual rental income of approximately £77,100.

This HMO has a licence allowing 10 occupants and 8 households. The current owners use the property to provide temporary housing, generating around £96.000 rent per year.

Arranged over four storeys, the property provides 10 bedrooms, three shower rooms and two kitchens. When fully let, it is capable of producing a gross annual income of approximately £78,000, representing a gross yield of around 14.2% at the asking price of £550,000.

An eight-bedroom HMO in the town centre of Eastbourne, which is suitable for continued HMO use, family home or development.