A prime opportunity to purchase a large studio apartment with separate kitchen and bathroom situated on St Leonards Seafront. This third floor flat is located to the rear of Greeba Court which is across from the beach in the popular Marina area of St Leonards. The accommodation comprises a living area, kitchen, and bathroom. The location and potential for this flat would be ideal for for an investor to refurbish the flat to create a separate bedroom and expect to achieve a 7% rental yield on a rental income of £425-450 pcm. Alternatively, for those who want to get their foot on the property ladder, this would make a fantastic first time buyer's opportunity.
This sizeable flat overlooks the Crown land and a Victorian block of flats which means that it is always quiet and is not overlooked. The accommodation comprises a good sized living area with room for a sofa bed and TV, dining, etc, as well as a kitchen which could easily be modernised. There is a small water immersion heater in the kitchen under the sink. The bathroom has a window allowing light from the living room; new white tiles and a bathtub with electric shower.
The location of this flat is superb with miles of beaches and cycle ways to Hastings Old Town and towards Bexhill and beyond. Warrior Square and West St Leonards train stations are both within 1 mile; and there is easy access to the town centre, with bus stops outside the block with regular routes to and from both train stations, the town centre, and further afield. There are great local amenities in St Leonards including a post office, coffee shops, and doctor's surgery. Along the Marina, with new restaurants and cafes opening regularly, the seafront is an extremely desirable location.
St Leonards on Sea is a sought after area with trendy boutiques, restaurants, art galleries, and bars. With regular live music and popular events held, these bring a strong sense of community as more people flock to the seaside to appreciate the local architecture and proximity to the coast. The area is now being dubbed Portobello-by-the-Sea. The Azur has a seafront bar and restaurant and there are more water front cafes along by Warrior Square.
There is electric heating and double glazing. There will be a new front door installed as well.
The block is well maintained, secure, and there is a lift for residents. The lift is due to be replaced this year as well, and it is serviced regularly and in good working order. There are external stairs for use as well and within 10 metres to the fire access door is access to the balcony area and far reaching sea views. There is plenty of free parking to the rear of the building.
Sold CHAIN FREE.
Potential Rental Income= £425 pcm (approx. 7% rental yield)
2016-2017 £862 per year
01/04/2017-31/3/2018 total £1140 (higher this year only to cover the proportionate cost of replacing the lift)
Ground Rent £80 per annum
Lease: 82 years
For further information on this property please call 01424 722586 or e-mail firstname.lastname@example.org