For Sale

The Hastings Portfolio – A unique opportunity to acquire a well located HMO Portfolio

Offers in excess of £4,750,000

Property Types:
Portfolio, Residential, Student

Description

  • HMO portfolio situated predominantly within Hastings Town Centre and St Leonards
  • Seven properties comprising:
    • 3 residential blocks
    • 4 mixed-use blocks
  • Prime Hastings location a short distance from Hastings Railway
  • Impending high speed train will cut journey time from Hastings to Central London to 68 minutes
  • Current Gross Residential Income: £254,700 per annum
  • Current Commercial Income: £79,000 per annum
  • Current Combined Income: £333,700 per annum
  • Estimated Gross Rental Value: £455,170 per annum (on assumption 55 Sedlescombe Road is let)
  • Overriding lease / management contract to be agreed

Subject to contract