Under Offer
Eastbourne, BN23 – Freehold residential investment opportunity comprising 10 flats and additional ground rent income
Harbour Club Apartments, 1 Harbour Quay, Eastbourne, BN23 5QG
Offers in excess of £2,400,000
- Property Type:
- Residential
- Tenure:
- Freehold
Description
On the instruction of Administrators
- Freehold purpose built block comprising 24 flats
- 14 flats sold off on long leases with c.115 years unexpired
- 10 unsold flats (10 x two beds) overlooking the North Harbour
- Current Assured Shorthold Tenancy Income of £92,400 per annum
- Current Ground Rent of £3,900 per annum
- Total Current Rent Reserved of £96,300 per annum
- Estimated Rental Value of £118,800 per annum (fully let and inclusive of ground rent income)
- 24 parking spaces (15 spaces sold on long leases)
- Prominently located in the sought after location Sovereign Harbour
Offers in excess of £2,400,000 are invited for the Freehold interest subject to existing leases, subject to tenancies, contract and serving Section 5A Notices
Subject to contract