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