Residential Investment Opportunity – Tenanted Basement Flat Generating £7,524 Per Annum / £627 Per Month
A residential investment opportunity in the seaside location of St. Leonards-on-Sea, generating £7,524 per annum / £627 per month. Would also suit owner / occupier. The opportunity comprises the basement flat of an attractive five-storey mid-terrace building fronting onto Marina. We have not inspected the premises internally, however we are advised that the premises comprise a 2-bedroom flat with shared kitchen, lounge and bathroom. Each bedroom is tenanted on separately. Tenancy Bedroom 1 – Let on a rolling basis at £324 per month / £3,888 per annum Bedroom 2 – Let on a rolling basis at £303 per month / £3,636 per annum Please refer to legal pack for further details. Location The property is located fronting Marina (A259) and the beach, in the seaside location of St.Leonards-on-Sea, Hastings, East Sussex. The immediate location benefits from a variety of shops, bars and restaurants with West St Leonards Railway Station located approximately 0.6 miles from the property. Tenure Leasehold – Please see legal pack for further details Viewings On request of the tenants, there will be no viewings offered or arranged for this property. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating To Follow
Hastings Borough Council
Buyer's Premium - 3.3% inc VAT of the purchase price, subject to a minimum of £2500 inc VAT, payable on exchange of contracts.
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £3500 inc VAT, payable on exchange of contracts.
Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.