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Property details
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Property for sale in Silchester Road, St. Leonards-On-Sea

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Property for sale

Tenure:

Freehold

Council tax band:

Not available

Property features

For Sale by Auction on 27th June 2024
Residential Freehold Investment
8 Self Contained Studio Flats
All Let and Producing an Annual Rent of 47,700
High Yielding at 10.6%
Rent Exclusive of All Bills

Property description

For sale by auction on 27th June 2024

Auction Guide £450,000+

High yielding freehold residential investment allowing for a highly sought after return of 10.6% comprising of 8 self contained studio flats all let on AST's as follows.

Flat 1....50 sq m let at £6,000 per annum EPC D
Flat 2....36 sq m let at £5,940 per annum EPC E
Flat 3....33 sq m let at £6,000 per annum EPC D
Flat 4....44 sq m let at £5,940 per annum EPC E
Flat 5....50 sq m let at £6,000 per annum EPC D
Flat 6....38 sq m let at £5,940 per annum EPC D
Flat 7....31 sq m let at £5,940 per annum EPC D
Flat 8....44 sq m let at £5,940 per annum EPC D

Total rent per annum exclusive of all bills £47,700

The property offers a significant yearly income at an exceptional return whilst at the same time includes meaningful break up value.

Located in the heart of St Leonards on Sea close to mainline railway station, the seafront as well as local shops, pubs, restaurants and coffee shops.

*Fees apply please refer to auction team*

Property info

Town Centre, St. Leonards-On-Sea

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by PS&B - Residential Sales, and do not constitute property particulars. Please contact PS&B - Residential Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.