Property description
Investment Opportunity
Nine Self Contained Flats
Three Garages
Off Road Parking
Great Location
Reasonable Order Throughout
Viewing Recommended
Guide Price £850,00 to £900,000
INVESTMENT OPPORTUNITY
Freeman Forman are delighted to offer for sale this unique investment opportunity.
This late Victorian house located west of Eastbourne Town Centre has been divided into nine self contained flats. To the rear there are three single garages and hard standing providing off road parking for several cars. The nine flats consist of one two bedroom and eight one bedroom units. The property is in reasonable order throughout and being offered for sale as an investment opportunity. Each flat is currently let as are the garages. Combined the return on this investment is £61,260 per annum giving a yield of 7.2% on the bottom end of the guide price. Viewing recommended
Flat 1 currently achieving - £585
Flat 2 currently achieving - £575
Flat 3 currently achieving - £500
Flat 4 currently achieving - £550
Flat 5 currently achieving - £540
Flat 6 currently achieving - £540
Flat 7 currently achieving - £540
Flat 8 currently achieving - £540
Flat 9 currently achieving - £540
There also three garages to which we have been advised let for £65 pcm.