Elm Park Mansions, Cavendish Place, Eastbourne, East Sussex, South East, BN21 3EJ, ENGLAND
, BN21 3EJ
Price: Sale Price: £4,685,000
Size: SOA Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH614917 Property Ref/Agent: 1438
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: July 15, 2019
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.
EPC for Elm Park Mansions, Cavendish Place, Eastbourne, East Sussex, South East, BN21 3EJ, ENGLAND
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