Freehold For Sale
Pevensey Road, Eastbourne, East Sussex, BN21 3HS
7,000

Key Features

  • FREEHOLD ONLY
  • INCOME PRODUCING
  • INVESTMENT OPPORTUNITY
  • TOWN CENRE LOCATION
  • X4 LEASES
  • INITIAL GROSS YIELD 7.1%

Summary

Available soon, this Freehold ground rent income producing investment of four residential flats situated very close to Eastbourne's Town centre. The Freeholder has full management control. Copy leases and specification of works are available upon request.

Exterior

Additional Information

Asking price is 7000.00 subject to Section 5 Notices, which expire shortly, plus contribution to vendors legal/sales fees. The annual ground rent is 500.00 and Lease details are as follows:

Flat 1 125 years from 6.1.2006
Flat 2 125 years from 12.5.2006
Flat 3 125 years from 10.2.2005
Flat 4 125 years from 27.12.2006

We are informed that the property has a specification of works complied by Meridian Chartered Surveyors.

Initial gross yield would be 7.1%.

Copy leases and specification of works are available upon request.

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Additional Information

For further information on this property please call 01424 722586 or e-mail staff@scott-estates.co.uk

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