8 Apartments, Marine Court Holiday Apartments, – Marine Parade, Eastbourne
- CHAIN FREE
- Development Potential STPP
- Double Glazing
- Gas Central Heating
- Ideal Investment
- Enviable & Impeccable Location
- 8 Apartments
- Generating in excess of £100,000pa
- Possible for Long Term AST rentals
Milestone Sales are delighted to introduce to the market..
Prime Eastbourne Location ** 8 Apartments ** Generating in excess of £100,000 per annum ** Can be used as long-term rentals as opposed to Holiday Apartments ** Excellent Development Opportunity ** Currently generating an 11.4% Return **
Milestone Sales are delighted to introduce to the market this incredible opportunity to purchase what can only be considered is an exceptional investment that is undoubtedly in one of the finest locations in Eastbourne. Seldom does an opportunity like this present itself.
The property has been running as holiday rental apartments for the past 2 years generating £106,424.00pa (figures have been analyzed). Considering the current economic conditions this has been exceptionally fruitful and will no doubt will present more affluent figures now the economic conditions are now stabilizing.
the overheads on this stunning investment are incredibly modest with gas, water, and electricity costing approximately £5000.00pa allowing for better margins on your investments.
There is the possibility of renting the property on a long-term rental AST with a peppercorn rent of £5000 payable to the county council to grant such provisions.
Milestone Sales have also requested assistance from a planning consultancy to explore the potential in changing the usage of the titles which does appear possible.
The property since being purchased has benefited from constant updating and most recently a new roof, double glazing, internal modifications, a heating system, and much more.
Insurance on the building costs £1400 per annum again exceptionally competitive allowing access to a heightened margin on your investment.
Milestone Sales are acting on a sole agency basis and all viewings must be accompanied by our office. our clients reserve the right to anonymity.