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.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating To Follow

Local Authority

Hastings Borough Council

Additional Fees

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.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.