>
10 bedroom block of apartments for sale
Pett Level Road, Winchelsea, TN36
£540,000
Pett Level Road, Winchelsea, TN36
£540,000
Our Summary
- Sold at Auction - via Clive Emson Auctioneers which ends 6th February 2025* Guide price £540,000 +fees White Lodge Court is a freehold block of apartments, which comprises of four 2 bedroom and two 1 bedroom apartments, all of which have their own entrances
- but have the potential to achieve in excess of 7% if the rents were brought in line with current market rates
- All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer
- This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty
Description
White Lodge Court is a freehold block of apartments, comprising four 2-bedroom and two 1-bedroom apartments, each with its own entrance. The current lets generate a gross yield of 5.2% per annum, but have the potential to achieve over 7% if rents are brought in line with current market rates. The property is situated just 0.4 miles from Winchelsea Beach and Rye Nature Reserve, making it a highly desirable location for tourists and locals alike. The property also has a conservatory area, six car parking spaces, and a gated side access leading to the rear garden. With potential to convert the block into self-contained holiday lets, subject to obtaining the necessary permissions and adhering to regulations, this property presents a lucrative investment opportunity.