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Sale of HMO & Investment Property in Eastbourne
GPS recently completed the sale of an investment property in Cavendish Place, Eastbourne. It consisted of a three-bedroom HMO, a two-bedroom flat and two one-bedroom flats. The buyer is planning to renovate the flats to improve the standard of accommodation. It sold with an asking price of £475,000 and went under offer within days of going to market. March 2022...Read More
Lease Agreement on HMO in Eastbourne
We recently secured an agreement for one of our clients to rent a seven-bedroom HMO in Eastbourne. The agreement guaranteed a rental income of £42,000 with no void periods and no running costs. The tenant is an experienced operator with a solid track record and is actively looking for other similar properties in the area. February 2022 ...Read More
Completions, Completions, Completions
It's been busy with a run of completions over recent weeks: Sale of Mixed Use Investment Property in Seaford A mixed use (shop and flat) investment property in Lexden Road, Seaford, which until recently was trading as a hair salon. We would like to wish our client a happy retirement and the buyer every success with their plans for the property. It sold off an asking price ...Read More
Sale of Development Opportunity in Eastbourne
This was an opportunity to acquire a 3 storey freehold property with development potential, located in Susan’s Road in the town centre. The site is currently used as a place of worship (F1 Planning Use - Non-Residential Institution). Sold off market, offers were invited in excess of £275,000 and a buyer secured very quickly. Opportunities of this type are in high demand a...Read More
Sale of Gemini Greetings in Heathfield
We are delighted to advise the sale of Gemini Greetings, a well-established card and gift shop in Heathfield. The business had been in the same hands since 1995, with a loyal customer base and scope to increase turnover with the introduction of additional opening hours. Selling a range of gifts, greetings cards, wrapping paper, gift bags, balloons (including helium filled), etc, it is ...Read More
Sale of Chestnuts of Alfriston
GPS have completed the sale of Chestnuts Tearoom and B&B in Alfriston. The property has a characterful tearoom, three cosy B&B rooms, comfortable owners’ accommodation and a delightful garden and is located in the centre highly sought-after Sussex Downs village. It sold freehold off an asking price of £425,000 and we would like to wish the new owners every success...Read More
Sale of Commercial Unit on Dursley Road
A fantastic result from our recent joint listing with Clive Emson auctioneers. This unit, with development potential, achieved an incredible £217,000 from a guide price of £75,000. Contact GPS on 01323 727271 to discuss the sale of your commercial property....Read More
Do You Know Your Business Use Classes?
Changes were made to Use Classes in England nearly a year ago, with various Classes being revoked and new Classes introduced. The full list is now as below: Class B B2 General industrial - Use for industrial process other than one falling within class E(g) (previously class B1) (excluding incineration purposes, chemical treatment or landfill or hazardous waste) B8...Read More
Completion on 2 Sussex Businesses
We are delighted to announce the sale of Juniper Roofing, based in Hailsham. This well-established and profitable roofing contractor serves clients mainly in the East Sussex, Surrey and Kent areas. It was established in 1989 and services include both new installation and repair work and the business benefits from an outstanding reputation with high levels of referred and repeat busine...Read More
Sale of HMO in Eastbourne
Buyer interest in HMOs continues, with the sale of another property, this time on Cambridge Road. This substantial 11 bedroom freehold property operates as a licensed House of Multiple Occupation (HMO). The licence allows for 10 occupants and the annual potential income is approximately £50,000. The accommodation includes nine double bedrooms, two single bedrooms, one bathroom,...Read More