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Land for sale
Flat , Cloona East, Carlisle Road, Eastbourne
£38,000
Flat , Cloona East, Carlisle Road, Eastbourne
£38,000
Our Summary
- Investment Opportunity: Freehold of Cloona East, Carlisle Road - Flats 3, 4, & 5Milestone Group is excited to present an exceptional investment opportunity in the form of the freehold for Cloona East, encompassing Flats 3, 4, and 5
- This property, formerly the manor house of the Duke of Devonshire, holds significant historical value and potential for substantial returns
- Short Lease on Flat 4:Flat 4: This unit has a shorter lease of approximately 56 years remaining, presenting a unique opportunity for lease extension negotiations and potential value uplift
- This freehold presents a rare chance to own a piece of history with significant investment potential
- The combination of long leases on two of the flats, the opportunity to extend the short lease on Flat 4, and the property's prestigious background make this an attractive investment proposition
Description
Milestone Group is offering a unique investment opportunity in the form of the freehold for Cloona East, a historic property on Carlisle Road that was previously the manor house of the Duke of Devonshire. The property comprises three flats, with Flats 3 and 5 boasting long leases of 964 years remaining, while Flat 4 has a shorter lease of approximately 56 years remaining, offering a potential opportunity for lease extension negotiations and value uplift. The property is fully insured and has no managing agent, providing flexibility for self-management or the appointment of a preferred agent. With estimated legal fees of £1,000 plus VAT and agent fees of £4,000 plus VAT, this freehold presents a rare chance to own a piece of history with significant investment potential, making it an attractive proposition for investors.