House For Sale £800,000
***guide price £800,000 - £850,000***
Town Property are delighted to offer to the market an excellent investment opportunity comprising five fully let flats, some enjoying sea views, within a well maintained building just set back from Eastbourne seafront in the Redoubt area. With a yield of approx 5% gross, the building comprises a studio, 2 x one bedroom flats one of which includes parking and 2 x two bedroomed flats all being fully let to long term tenants. Served by excellent amenities including shops, recreation grounds and local schools, the town centre with its mainline railway station and Beacon shopping centre can be found within walking distance.
Flat A:
EPC = D
Entrance
Door to-
Entrance Vestibule
Staircase housing gas boiler. Door to-
Studio Room (4.88m x 3.66m + bay (16'41 x 12'63 + bay))
Radiator. Archway to-
Kitchenette (2.44m x 1.52m (8'37 x 5'20))
Single drainer sink unit and mixer tap with part tiled walls and surrounding work surfaces with cupboards under. Space for electric cooker and refrigerator. Wall mounted units.
Bathroom/Wc
Panelled bath. Pedestal wash hand basin. Low level WC.
Flat B:
EPC = C
Entrance
Communal entrance. Door to-
Inner Hallway
Door to-
Cloakroom
Low level WC. Wall mounted wash hand basin.
Sitting/Dining Room (3.96m into bay x 3.35m (13'83 into bay x 11'68))
Radiator. Double glazed window to side aspect.
Kitchen (2.13m x 1.83m (7'64 x 6'94))
Single drainer sink unit and mixer tap with work surfaces and cupboards and drawers under. Inset four ring electric hob and electric oven under. Space for fridge freezer. Space and plumbing for washing machine. Range of wall mounted units. Radiator. Double glazed window to rear aspect..
Double Bedroom (4.88m into bay x 3.28m (16'17 into bay x 10'09))
Radiator. Double glazed window to side aspect.
Bathroom/Wc
Panelled bath. Pedestal wash hand basin. Low level WC. Part tiled walls. Radiator.
Flat C:
EPC = D
Entrance
Communal entrance. Staircase to first floor. Door to-
Entrance Lobby
Airing cupboard. Door to-
Bathroom/Wc
Panelled bath with mixer tap. Pedestal wash hand basin. Low level WC. Part tiled walls. Radiator.
Sitting/Dining Room (3.96m into bay x 3.66m (13'25 into bay x 12'31))
Radiator. Double glazed bay window with sea views.
Kitchen (2.74m x 1.83m (9'42 x 6'34))
Single drainer sink unit and mixer tap with work surfaces and cupboards and drawers under. Space for electric cooker and fridge freezer. Space and plumbing for washing machine. Range of wall mounted units. Wall mounted boiler. Radiator. Double glazed window.
Inner Hallway
Radiator. Double glazed window.
Bedroom 1 (3.66m x 2.74m (12'68 x 9'84))
Radiator. Double glazed window to front aspect.
Bedroom 2 (3.02m x 2.44m (9'11 x 8'85))
Radiator. Double glazed window to front aspect.
Flat D:
EPC = D
Entrance
Communal entrance. Staircase to first floor. Door with staircase to second floor landing with loft access (not inspected).
Double Aspect Sitting Room (3.66m x 3.05m (12'91 x 10'93))
Radiator. Double glazed windows to side and front aspect.
Kitchen/Dining Room (3.66m x 2.74m (12'16 x 9'94))
Range of units comprising of single drainer sink unit with part tiled walls and surrounding work surfaces with cupboards and drawers under. Inset four ring gas hob and electric oven under. Space for fridge freezer. Space and plumbing for washing machine. Range of wall mounted units. Wall mounted boiler. Double glazed windows to side and rear aspects with sea views.
Bedroom 1 (3.66m x 2.44m (12'20 x 8'36))
Radiator. Double glazed window to rear with sea views.
Bedroom 2 (3.96m x 2.13m (13'30 x 7'42))
Radiator. Double glazed window to front aspect.
Bathroom/Wc
Panelled bath. Low level WC. Wall mounted wash hand basin. Part tiled walls. Frosted double glazed window.
Bungalow E:
Entrance
Private entrance. Frosted double glazed door to-
Entrance Hallway
Kitchen (2.13m x 1.83m (7'96 x 6'18))
Range of units comprising of single drainer sink unit and mixer tap with part tiled walls and surrounding work surfaces with cupboards and drawers under. Inset four ring gas hob and electric oven under. Wall mounted units. Space for refrigerator. Space and plumbing for washing machine. Concealed wall mounted gas boiler. Radiator. Double glazed window to front aspect.
Sitting/Dining Room (6.76m into bay x 3.66m (22'02 into bay x 12'94))
Radiator. Double glazed bay window to front aspect.
Inner Hallway
Staircase to-
Shower Room/Wc
Shower cubicle with wall mounted shower. Low level WC. Pedestal wash hand basin. Radiator.
Double Bedroom (3.66m x 3.35m (12'35 x 11'71))
Radiator. Double glazed window to side aspect.
Outside
There is a walled garden and parking area in addition to bin storage.
Current Rental Figures:
Flat A - Current Rent: £480.00. Increases from 1st September: £500.00
Flat B - Current Rent: £600.00. Increases from 1st September: £600.00
Flat C - Current Rent: £700.00. Increase from 1st September: £800.00
Flat D - Current Rent: £800.00. Increases from 1st September: £800.00
Bungalow E - Current Rent: £895.00. Increases from 1st September: £895.00
Current Rent Total = £3475.00
Increased Rent from 1st September Total = £3595.00
Town Property are delighted to offer to the market an excellent investment opportunity comprising five fully let flats, some enjoying sea views, within a well maintained building just set back from Eastbourne seafront in the Redoubt area. With a yield of approx 5% gross, the building comprises a studio, 2 x one bedroom flats one of which includes parking and 2 x two bedroomed flats all being fully let to long term tenants. Served by excellent amenities including shops, recreation grounds and local schools, the town centre with its mainline railway station and Beacon shopping centre can be found within walking distance.
Flat A:
EPC = D
Entrance
Door to-
Entrance Vestibule
Staircase housing gas boiler. Door to-
Studio Room (4.88m x 3.66m + bay (16'41 x 12'63 + bay))
Radiator. Archway to-
Kitchenette (2.44m x 1.52m (8'37 x 5'20))
Single drainer sink unit and mixer tap with part tiled walls and surrounding work surfaces with cupboards under. Space for electric cooker and refrigerator. Wall mounted units.
Bathroom/Wc
Panelled bath. Pedestal wash hand basin. Low level WC.
Flat B:
EPC = C
Entrance
Communal entrance. Door to-
Inner Hallway
Door to-
Cloakroom
Low level WC. Wall mounted wash hand basin.
Sitting/Dining Room (3.96m into bay x 3.35m (13'83 into bay x 11'68))
Radiator. Double glazed window to side aspect.
Kitchen (2.13m x 1.83m (7'64 x 6'94))
Single drainer sink unit and mixer tap with work surfaces and cupboards and drawers under. Inset four ring electric hob and electric oven under. Space for fridge freezer. Space and plumbing for washing machine. Range of wall mounted units. Radiator. Double glazed window to rear aspect..
Double Bedroom (4.88m into bay x 3.28m (16'17 into bay x 10'09))
Radiator. Double glazed window to side aspect.
Bathroom/Wc
Panelled bath. Pedestal wash hand basin. Low level WC. Part tiled walls. Radiator.
Flat C:
EPC = D
Entrance
Communal entrance. Staircase to first floor. Door to-
Entrance Lobby
Airing cupboard. Door to-
Bathroom/Wc
Panelled bath with mixer tap. Pedestal wash hand basin. Low level WC. Part tiled walls. Radiator.
Sitting/Dining Room (3.96m into bay x 3.66m (13'25 into bay x 12'31))
Radiator. Double glazed bay window with sea views.
Kitchen (2.74m x 1.83m (9'42 x 6'34))
Single drainer sink unit and mixer tap with work surfaces and cupboards and drawers under. Space for electric cooker and fridge freezer. Space and plumbing for washing machine. Range of wall mounted units. Wall mounted boiler. Radiator. Double glazed window.
Inner Hallway
Radiator. Double glazed window.
Bedroom 1 (3.66m x 2.74m (12'68 x 9'84))
Radiator. Double glazed window to front aspect.
Bedroom 2 (3.02m x 2.44m (9'11 x 8'85))
Radiator. Double glazed window to front aspect.
Flat D:
EPC = D
Entrance
Communal entrance. Staircase to first floor. Door with staircase to second floor landing with loft access (not inspected).
Double Aspect Sitting Room (3.66m x 3.05m (12'91 x 10'93))
Radiator. Double glazed windows to side and front aspect.
Kitchen/Dining Room (3.66m x 2.74m (12'16 x 9'94))
Range of units comprising of single drainer sink unit with part tiled walls and surrounding work surfaces with cupboards and drawers under. Inset four ring gas hob and electric oven under. Space for fridge freezer. Space and plumbing for washing machine. Range of wall mounted units. Wall mounted boiler. Double glazed windows to side and rear aspects with sea views.
Bedroom 1 (3.66m x 2.44m (12'20 x 8'36))
Radiator. Double glazed window to rear with sea views.
Bedroom 2 (3.96m x 2.13m (13'30 x 7'42))
Radiator. Double glazed window to front aspect.
Bathroom/Wc
Panelled bath. Low level WC. Wall mounted wash hand basin. Part tiled walls. Frosted double glazed window.
Bungalow E:
Entrance
Private entrance. Frosted double glazed door to-
Entrance Hallway
Kitchen (2.13m x 1.83m (7'96 x 6'18))
Range of units comprising of single drainer sink unit and mixer tap with part tiled walls and surrounding work surfaces with cupboards and drawers under. Inset four ring gas hob and electric oven under. Wall mounted units. Space for refrigerator. Space and plumbing for washing machine. Concealed wall mounted gas boiler. Radiator. Double glazed window to front aspect.
Sitting/Dining Room (6.76m into bay x 3.66m (22'02 into bay x 12'94))
Radiator. Double glazed bay window to front aspect.
Inner Hallway
Staircase to-
Shower Room/Wc
Shower cubicle with wall mounted shower. Low level WC. Pedestal wash hand basin. Radiator.
Double Bedroom (3.66m x 3.35m (12'35 x 11'71))
Radiator. Double glazed window to side aspect.
Outside
There is a walled garden and parking area in addition to bin storage.
Current Rental Figures:
Flat A - Current Rent: £480.00. Increases from 1st September: £500.00
Flat B - Current Rent: £600.00. Increases from 1st September: £600.00
Flat C - Current Rent: £700.00. Increase from 1st September: £800.00
Flat D - Current Rent: £800.00. Increases from 1st September: £800.00
Bungalow E - Current Rent: £895.00. Increases from 1st September: £895.00
Current Rent Total = £3475.00
Increased Rent from 1st September Total = £3595.00
