This freehold property in Saltdean has a unique opportunity to transform it into a thriving residential complex with 9 new apartments. Currently, the property is divided into 30 residential flats with long leases, each with a 999-year term issued in 1968. The apartments are situated in a prime location, close to local schools, bus routes, and amenities, including Saltdean beach. The planning permission allows for the creation of a new third floor, featuring a mix of studio, one-bedroom, and two-bedroom apartments. With a combined annual ground rent of £1642, this property presents a lucrative investment opportunity for those looking to capitalize on its potential.