• 31-33 Latimer Road, Channel Court, 31-33 Latimer Road, Eastbourne, East Sussex, BN22 7BZ | For Sale

        £750,000.00 
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        Details

        The Site

        The site comprises a significant three storey terraced period building which was converted into 6 self contained flats in 2005 (full details available upon request).  The building has direct access on to Latimer Road with also rear access via St James Road.  The rear ground floor flat also has a courtyard garden area.

        The surrounding area is made up of predominately residential with a number of bed and breakfasts and hotel operators.

        Location

        The site is located on the northern side of Latimer Road between the junctions of St James Road and Halton Road within 100 yards of Eastbourne seafront.  Latimer Road runs parallel to the seafront and also Seaside where shops, public houses and various convenience stores, doctors surgeries are located.  Eastbourne town centre is approximately 1/2 mile to the west with the Arndale Centre, bus and mainline train station.

        Eastbourne has a population of 105,000 and is located approximately 19 miles west of Hastings and 22 miles east of Brighton.

        Planning History

        Planning permission was granted in 2005 for the conversion of the property in to 6 x 1 bedroom apartments  under planning application EB/2004/0844.  Further details are available upon request or alternatively full details are available via the website www.eastbourne.gov.uk

        Services

        All mains services excluding gas currently serve the site.  Each flat has a key meter for electric and the landlord covers the water and sewage costs. 

        Legal Costs

        Each party to be responsible for their own legal fees.

        Tenure

        The property is to be sold with the benefit of the existing tenancies.  Each flat is held on a 125 year long leasehold from 2005 and the freehold is held separately.  The vendor owns both and so will be sold together.

        Please note the vendor has not set up a service charge although the leases have provisions to do so.

        Tenancy Schedule

        Flat Number Size Tenant Start Date Status Rent PCM
        1 1 Bed Andrew Stott 08/10/16 Rollover £695
        2 1 Bed Boqumila Bozek 04/12/15 Rollover  £695
        3 1 Bed Sintija Suhareva 10/12/12 Rollover £550
        4 1 Bed Igor Marciniak 10/07/15 Rollover £600
        5 1 Bed Ryan Edgcumbe 09/03/16 Rollover £650
        6 1 Bed William Hodkinson 07/11/16 Rollover £650
                  £3,840
                  £46,080

        Rental income

        The scheme is fully let and produces a rental income of £46,080 per annum.

        Guide Price

        Offers are sought in the region of £750,000.

        Viewing

        Viewing is strictly by appointment via the agents: contact Simon Hunt T: 01323 700100.  E: simon@huntcommercial.co.uk

         

        Enquiry

        Please fill in the following form and we will contact you to discuss your requirements.

        Thank you for your enquiry.