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      • 8 Ratton Road, Towers House, Ratton Road, Eastbourne, East Sussex, BN21 2LS | For Sale

        £880,000.00 
        Click image to enlarge
        Details

        The Site

        The site comprises a significant three storey period character semi detached building which was converted in to 8 self contained flats in 2006 (full details available upon request).  To the front there is a communal entrance with a communal garden, a drive way to the side and private garden demised to the rear ground floor flat.

        The basement offers a communal laundry room.

        The surrounding area is made up of predominately residential with a number nursing homes close by.  The area is known as ‘Upperton’ and is considered a sought after location for residence.

        Location

        The site is located on the western side of Ratton Road between the junctions of Selwyn Road and De Roos  Road within half a mile of Eastbourne Town Centre and its Arndale centre, bus and mainline train station. To the south within 500 yards is the historic Old Town of Eastbourne where Waitrose, various public houses and of Eastbourne Seafront. 

         

        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 2006 for the conversion of the property in to 8 flats and studio apartments under planning application EB/2006/0280(FP). Further details are available upon request or alternatively full details are available via the website www.eastbourne.gov.uk

        Tenancy Schedule

        Flat Number Size Tenant Start Date Status Rent PCM
        1 Studio Keil Morris/Alex Haggar 01/09/16 Rollover £600
        2 2/3 bed Agnieszka Bury 05/01/16 Rollover £1,200
        3 1 Bed Jane Isden 08/10/13 Rollover £550
        4 Studio Robert Evans 10/07/13 Rollover £400
        5 Studio Michael Perrin 23/11/13 Rollover £455
        6 Studio Chris Homewood 01/06/17 6 months ast £500
        7 Studio Lucie Sendig 09/05/17 6 months ast £550
        8 Studio Keith Freeman 30/01/15 Rollover £500
                  £4,755
                  £57,060
        per annum

        Services

        All mains services currently serve the property.  Each flat has a card meter for electric and the landlord covers the water, sewage costs and gas inclusive of rent. Copy bills available on request 

        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 Assured Shorthold tenancies.  Each flat is held on a 125 year long leasehold from 2006 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 provision although the long leases have provisions to do so.

        Rental income

        The scheme is fully let and produces a rental income of £57,060 per annum.

        Guide Price

        Offers are sought in the region of £880,000.

        Viewing

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

         

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