Seaside, Eastbourne, East Sussex, BN22

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Outstanding investment property • Over £77,000 p.a. rent income • Scope to increase rents • Recently refurbished • High quality accommodation • Shop, 5-Bed HMO plus 2-bed flat • Scope to extend accommodation

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 25 The Waterfront, Sovereign Harbour, Eastbourne, BN23 5UZ

Full Description: An outstanding investment property comprising a commercial shop, five-room HMO and two-room apartment (let on a room-by-room basis) close to Eastbourne town centre. The shop and rooms are all fully occupied producing an annual rental income of approximately £77,100. The property is extremely well maintained and decorated to an exceptionally high standard, providing high-quality accommodation. There is scope for further development above the rear extension, possibly adding up to three additional rooms.

Location The property is located on Seaside, close to Eastbourne town centre and the seafront. Eastbourne has a population of more than 100,000 and contains a full range of shopping and leisure amenities. Recent census information shows the average age of residents decreasing as the town has attracted students, families and those commuting to London and Brighton. The town has good transport links with rail connections to London, Gatwick Airport, Brighton, Hastings and Ashford International. It is also served by the A22 road which gives access to the M25.

Accommodation

Commercial - There is a self-contained, lock-up shop which is currently let to a local barber on a commercial lease. A separate entrance hall leads to:

HMO - with a stylishly decorated and highly specified kitchen and five spacious bedrooms, all with ensuite shower rooms. The HMO has Sui Generis (Large HMO) planning permission & HMO licence permitting 8 persons. Three of the rooms can be rented to couples.

Apartment - with an internal lobby, dining area, high-quality kitchen, two large ensuite bedrooms and two separate courtyard spaces. The rooms are currently let on a room-by-room / HMO basis.