Block 4, Elm Park Mansions, Cavendish Place, Eastbourne, East Sussex, South East, BN21 3EJ, ENGLAND
, BN21 3EJ
Price: Sale Price: £2,640,000
Size: SOA Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH616503 Property Ref/Agent: 1477
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: August 19, 2019
Block 4 is available as an individual lot of 26 residential apartments plus 1 shop or as a wider block investment comprising 46 unbroken residential apartment and one retail unit (A1 use class). 24 of the 26 residential apartments are currently let on assured shorthold tenancies (AST's) at a passing rent of £145,440 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. Total passing rent: £157,940 per annum. Total estimated rent: £169,820 per annum Block 4 is available freehold for £2,640,000. The wider investment block comprising 46 residential apartments and 1 shop is also available for £4,685,000 with a total estimated market rental value of £318,260 per annum.
EPC for Block 4, Elm Park Mansions, Cavendish Place, Eastbourne, East Sussex, South East, BN21 3EJ, ENGLAND
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