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AGENT'S DETAILS


St. Leonards-On-Sea – Freehold HMO Investment

For sale: £475,000.00|5000 Sq Ft|Residential, Flat, House, General Retail, Mixed Use, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£475,000.00
SIZE5000 Sq Ft
ADDRESS76 St Saviours Road, St. Leonards-On-Sea TN38 0AR
TYPEResidential, Flat, House, General Retail, Mixed Use, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON2nd June 2020

DESCRIPTION

Investment Consideration:
Comprises a two storey detached house entirely let to the local council and operates as an HMO.
The property is arranged as six bedrooms, reception, kitchen, bathroom and WC.
St Leonards-on-Sea is a town and seaside resort in the Borough of Hastings in East Sussex
VAT is NOT applicable to this property.
The property is situated in a residential neighbourhood.

Property Description:
The property comprises a two storey detached house entirely let to the local council and operates as an HMO. The property is arranged as six bedrooms, reception, kitchen, bathroom and WC.

Tenancy:
The property is at present let to the local authority for a term of 10 years from 13th November 2015 at a current rent of £33,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews every fourth year and rent deposit is held of £16,500.

Location:
St Leonards-on-Sea is a town and seaside resort in the Borough of Hastings in East Sussex. The town of St Leonards today occupies, firstly, the fairly steeply climbing land immediately adjacent to the west of Hastings, leading up towards Silverhill and Hollington; and secondly, to the west where the land is lower lying. The principal roads in St Leonards are the seafront (Grand Parade and Marina) part of the A259 coastal route; and London Road.

LOCATION

Location: 76 St Saviours Road, St. Leonards-On-Sea TN38 0AR

West St Leonards (0.2 miles)

St Leonards Warrior Square (1.1 miles)

Hastings (1.8 miles)

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