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5 bed property
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Description
This freehold property consists of three flats, each with its own unique features and rental income potential. The flats are located in a Grade II Listed building, with the current owner having invested in extensive balcony works, boiler replacements, and double glazed sash windows. The property is situated one road back from Eastbourne's seafront, with the town centre and train station within walking distance.
The flats generate an annual rental income of £32,940, offering a potential yield of 8.3%. Flat 1 is a one-bedroom ground floor property with a private rear garden, while Flats 2 and 3 are two-bedroom first and second floor properties with open plan living spaces. The property is perfectly located for those who want to live by the sea, with local shops, amenities, and bus routes nearby.