Property Information
Address:
Elm Park Mansions, Cavendish Place, Eastbourne, East Sussex, South East, BN21 3EJ, ENGLAND
, BN21 3EJ
Price: Property no longer available.
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 description
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.
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