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Property for sale
Marina, Bexhill-on-Sea, East Sussex, TN40 1DA
£900,000
Marina, Bexhill-on-Sea, East Sussex, TN40 1DA
£900,000
Our Summary
- * We are pleased to offer to auction this entire freehold block comprises a ground-floor restaurant area of approximately 250m², along with three self-contained flats across two upper floors
- These rents are significantly below market value, with potential to achieve £900 to £1,000 pcm
- This offers a rare and valuable opportunity for either an owner-occupier or an investor, as well as potential for future development
- Rare Opportunity for Owner-Occupiers, Investors, or Developers
Description
For sale via online bidding, this entire freehold block comprises a ground-floor restaurant area and three self-contained flats across two upper floors. The property is in excellent condition, having been extensively modernized by the freehold owner over 40 years. The restaurant area is currently vacant but was previously leased for £30,000 per annum, while the three flats are let under Assured Shorthold Tenancy agreements with rents significantly below market value. With potential to achieve £900 to £1,000 per month, this property offers a rare and valuable opportunity for an owner-occupier or investor, or potential for future development. Located in a prime seafront position, directly opposite the De La Warr Pavilion, this property is unique in that it is available in its entirety, with no sections being sold off on long lease.