Lot 137 Freehold Residential Investment Producing Just Over £53,000 Per AnnumAuction Date:
24th July 2024
26 Bourne Street, Eastbourne, East Sussex, BN21 3EP
Currently let at £53,232 per annum
A great opportunity to acquire a freehold residential investment arranged over three floors as seven self-contained converted studio flats. The building is fully let and produces £53,232 per annum. It is considered there is potential for rental growth.
The building occupies a prominent corner location at the junction of Bourne Street and Pevensey Road, within easy reach of the comprehensive shopping facilities and amenities of the town centre. The seafront and mainline railway station are easily accessible with excellent road links to Brighton and Hastings via the nearby A27 and A259.
Ground Floor
Communal hallway, and store room (not inspected).
Flat 1
Studio room with kitchen, shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy at £700 per calendar month.
Flat 2
Studio room, separate kitchen, shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy at £550 per calendar month.
Flat 3
Studio room, separate galley kitchen, shower room/W.C., glazed door to rear yard.
Tenancy
Let on an Assured Shorthold Tenancy at £600 per calendar month.
First Floor
Hallway.
Flat 4
Studio room, separate kitchen, shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at £600 per calendar month.
Flat 5
Studio room, separate kitchen, shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at £718 per calendar month.
Second (Top) Floor
Landing
Flat 6
Studio room, separate kitchen, shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at £718 per calendar month.
Flat 7 (not inspected)
Studio room, kitchen, shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at £550 per calendar month.
Each Flat Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
