Lot 126: TWO BEDROOM FLAT FOR INVESTMENT

Available At £250,000 + Fees
Flat 3, 91 Payne Avenue, Hove, East Sussex. BN3 5HD

Currently let at £12,000 per annum

Applicants may view the lot externally only

01273 504232

Sam Kinloch

Situated within a predominately residential area of Hove this well presented two-bedroom first floor flat is considered ideal for immediate investment.

Having undergone refurbishment work during the last
12 months which included rewiring, upgraded ceilings for fire and sound ratings and gas heating system the property is now let to provide a good income.

Payne Avenue is located in the desirable Poets Corner area of Hove offering easy access to Aldrington mainline railway station, local shops and amenities.

Accommodation

Communal entrance with stair leading to the first floor.
Entrance hall with storage cupboard, fitted kitchen, bathroom with W.C., living room, two bedrooms.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £1,000 per calendar month.

Tenure

Remainder of a 125 year lease from 23rd June 2017 at a current ground rental of £250 per annum.

Residential EPC: D

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.