GPS-Direct are pleased to announce the sale of the Rosedale Hotel in Eastbourne. This former guest house has been purchased with the intention of converting the property to student accommodation. This was another very quick sale, taking only 9 weeks from initial instruction through to completion.
The former hotel comprises a mid-terraced property set over 3 floors, with kitchen, dining room and owners’ accommodation at ground floor level and en-suite guest bedrooms to the upper floors. The total floor-space is in the region of 185m2 and when trading there were 7 guest bedrooms; all with en-suite showers. The hotel has been closed for some time but is ideally suited for the new owner’s conversion to student accommodation.
The Rosedale Hotel was sold off a freehold asking price of £199,950.
August 2012