Our Summary

FREEHOLD TENANTED APARTMENT BLOCK GENERATING IN Excess £90,000 per annum To be sold via online auction - powered by The Auction Group This substantial detached period property presents a rare and attractive investment opportunity in the heart of Eastbourne, offering a true turn key proposition for discerning investors

Early viewing is highly recommended to appreciate the full scope and potential of this exceptional investment opportunity

To be sold via Online Auction, via unconditional terms, completion strictly within 28 days Bidding window opens - TBC Auction Ends- TBC Starting price - £990,000 (Reserve price is higher & unpublished) Fees All fees are payable by banks transfer only (we do not take card payments ) Buyers premium - Please note that there is a buyers premium that applies to this lot ( £40000 including VAT ) payable by the buyer within 2 hours of winning the auction

Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place

Description

The property is a detached, period Georgian building with a distinctive mansard roof, situated on Enys Road in Eastbourne and occupying a site of approximately 0.18 acres. The building is configured into six individually accessed apartments, arranged over three storeys, with four two-bedroom and two one-bedroom units currently let as residential rentals. Constructed primarily of brick and featuring areas of coursed and random flint, as well as stucco render, the building retains its period features and original integrity, having been erected in the 18th century and later receiving Grade II listed status in 1949.

The building benefits from onsite parking and separate access for each apartment, allowing for efficient management and excellent rental potential.

10 bed flat

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Our Summary

Description