5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Flats 1-5, 48 Sackville Road, Bexhill-on-Sea, East Sussex, TN39 3JE
£250,000

Our Summary

  • **For Sale By Auction on Thursday 13 March 2025** *Guide Price £250,000-£275,000 Long Leasehold Arranged As 5 Flats In Bexhill Town Centre Estimated Income Fully Let £31,000 Description An unusual opportunity, to acquire a long lease arranged as 5 flats, spanning over the first, second & third floors of this terraced property in Bexhill town centre

Description

This is an opportunity to acquire a long leasehold property in Bexhill town centre, comprising five flats spread across the first, second, and third floors. The property is fully let, generating an estimated income of £31,000 per year. The entrance to the flats is via a private on-street access, adjacent to the ground floor commercial unit. The property is located on popular Sackville Road, within walking distance of local shops, restaurants, and amenities, as well as Bexhill mainline train station and seafront. The leasehold has approximately 107 years remaining, with a ground rent that increases every 25 years. The flats are currently rated Band A for council tax purposes.
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