Property Details

Freehold Residential Led Investment Comprising 46 Unbroken Residential Apartments And One Retail Unit (a1 Use Class). Residential Apartments Are Let On Assured Shorthold Tenancies (ast's) At A Passing Rent Of £293,880 Per Annum, With An Estimated Market Rental Value Of £305,760 Per Annum. Ground Floor Retail Unit Let To Reformed Eastbourne Cic Until July 2021 At A Passing Rent Of £12,500 Per Annum. The Lease Is Contracted Outside Of Sections 24 To 28 Of The Landlord And Tenant Act 1954. A Total Estimated Market Rental Value Of £318,260 Per Annum. The Property Is Available Freehold For £4,685,000. Reflecting A Quantum Discount To The Individual Lot Sales Also Available.