Description


DESCRIPTION An extremely rare opportunity to acquire a Freehold end of terrace Building situated on St Leonards seafront almost opposite Hastings Pier. The property consists of 4 flats, two of which are let, one is vacant sold, one is sold on a long lease and a commercial part on the ground floor which is currently let. This property is in an extremely sought after location and is considered to be of potential interest to investor and those looking for a home/2nd home and income. An extremely rare opportunity to acquire a Freehold end of terrace Building situated on St Leonards seafront almost opposite Hastings Pier. The property consists of 4 flats, two of which are let, one is vacant sold, one is sold on a long lease and a commercial part on the ground floor which is currently let. This property is in an extremely sought after location and is considered to be of potential interest to investor and those looking for a home/2nd home and income. The building has a current income of £18,009.92 but with improvement works/rent reviews to Flats 1 & 2 and by letting Flat 4, in our opinion the potentail income for this building is in the region of £35,000-£38,000.

GROUND FLOOR COMMERCIAL Currently used as a restaurant. Let on a 36 month Licence commencing 01/02/2020.

FLAT ONE A one bedroom flat situated at the front of the building with sea views at first floor level. Currently Let on an AST at £429.00PCM. Due for a rental review.

FLAT TWO A one bedroom flat situated at the front of the building with sea views at second floor level. Currently Let on an AST at £405.16 PCM. Due for a rental review.

FLAT THREE Sold on a long lease of 189 years from the 11th September 1989. Ground rent of £75 per annum.

FLAT FOUR A two bedroom flat situated at the rear and side of the building at first floor level. Currently vacant.

EPC RATINGS Flat 1 E42
Flat 2 E50
Flat 3 D56
Flat 4 D63
Commercial Part C52

DISCLAIMER Whilst Inspired Property Hub endeavour to maintain accurate depictions of properties in Movies, Virtual Tours, Floor Plans, Photographs, Measurements and Descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection. It can not be assumed that any appliances mentioned are in full working order and it can not be assumed that all items within any media are included in the sale.
An extremely rare opportunity to acquire a Freehold end of terrace Building situated on St Leonards seafront almost opposite Hastings Pier. The property consists of 4 flats, two of which are let, one is vacant sold, one is sold on a long lease and a commercial part on the ground floor which is currently let. This property is in an extremely sought after location and is considered to be of potential interest to investor and those looking for a home/2nd home and income. The building has a current income of £18,009.92 but with improvement works/rent reviews to Flats 1 & 2 and by letting Flat 4, in our opinion the potentail income for this building is in the region of £35,000-£38,000.

For further details on this property please give our office a call
01424 44 44 22

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