18 Grand Parade
St Leonards On Sea
Hastings
East Sussex
TN37 6DN
Carisbrooke Road, St. Leonards-On-Sea
£550,000 Sold (STC)
6 Bedroom Block of Flats
- BLOCK OF THREE FLATS
- COUNCIL TAX A
- EPC C FOR ALL THREE UNITS
- CURRENT INCOME OF £2,200/MONTH FROM TWO LET APARTMENTS
- ONE APARTMENT IS VACANT
- FREEHOLD OF THE BUILDING
- INVESTMENT PURCHASE
- 1 X SPLIT LEVEL TWO BED GARDEN FLAT
- 2 X 1 BED APARTMENTS
- ALL WELL PRESENTED
A rare opportunity to acquire a FREEHOLD BLOCK OF THREE SELF-CONTAINED FLATS, ideally positioned and offering both IMMEDIATE INCOME and FURTHER POTENTIAL TO ADD VALUE.
The building comprises three well-arranged units:
• GROUND & BASEMENT FLAT – A well-presented TWO BEDROOM MAISONETTE with the added benefit of a PRIVATE GARDEN, currently let at £1,300 PCM.
• FIRST FLOOR FLAT – A TWO BEDROOM APARTMENT (588 SQ. FT.), currently let at £900 PCM.
• TOP FLOOR FLAT – A ONE BEDROOM APARTMENT (501 SQ. FT.), offered with PLANNING PERMISSION TO EXTEND INTO THE LOFT SPACE, providing an excellent opportunity to enhance both size and value. This unit is currently vacant.
The property is generating a current income of £2,200 PCM from the two tenanted units, with scope to increase overall rental yield once the top floor flat is let and/or extended.
This is an ideal purchase for investors seeking a READY-MADE PORTFOLIO ADDITION, with a strong existing return and clear potential for FUTURE CAPITAL GROWTH AND RENTAL UPLIFT.
Early viewing is highly recommended to fully appreciate the scale of accommodation and opportunity on offer.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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