Freehold residential investment comprising 3 flats currently producing £29,520pa
A freehold residential investment property arranged as 1 x 2-bed flat and 2 x 1-bed flats. All let on ASTs producing a combined rent of £29,520pa. In our opinion there is potential to convert the lower ground floor into a 2 bedroom flat, subject to obtaining the necessary consent. Each flat has the benefit of gas central heating.
The building is situated on the northern side of the road, close to the range of shops and cafes of Blatchington Road and the popular pedestrianised shopping thoroughfare of George Street. Nearby retailers include Boots, W H Smith with The Gym recently opening on the south side of the road. The area is well served by bus services and Hove mainline railway station is within a short walk.
57a (lower ground floor) Living Room: 16'9 x 11'8 (5.10m x 3.56m) with French doors to patio. Bedroom: 13'1 x 13'7 (3.98m x 4.15m) Kitchen: 9'8 x 9'5 (2.96m x 2.86m) Bathroom Let on an AST at £775pcm EPC rating C Flat 1 (ground floor) Living room: 13'9 x 13'2 (4.19m x 4.00m) into bay Bedroom: 10'10 x 11'3 (3.30m 3.42m) Kitchen: 8'7 x 10' (2.63m x 3.04m) door on to garden Bathroom Let on an AST at £735pcm EPC rating C Flat 2 (first floor) Living room: 11'8 x 14' (3.55m x 4.28m) into bay Kitchen: 5'3 x 8' (1.59m x 2.43m) Bedroom 1: 11'5 x 10'11 (3.47m x 3.33m) Bedroom 2: 10 x 8'11 (3.04m x 2.71m) Bathroom Let on an AST at £950pcm EPC rating C
Administration Charge - Purchasers will be required to pay an Administration fee of 0.3% (0.25% plus VAT) of the sale price, subject to a minimum of £660 (£550 plus VAT)
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.