A large, empty hotel lobby with polished floors and bright natural light coming through glass doors.

28-Room HMO & Two Flats With Development Potential

Under Offer
Price Reduced
Sold Subject To Contract
Sold
Let
Property Category:
HMO
Location:
County:
East Sussex
Ref:
31119
ASKING PRICE
Freehold OIEO £1.5
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Summary.

An end of terrace freehold property with oblique seaviews configured as an HMO with 28 en suite rooms, a one-bed flat and a studioflat.  A planning application has been submittedto extend and convert the property with the creation of 14 two-bed apartments.

The property is located very close to the seafront and town centre. It is also a short walk to the shopping centre and mainline train station.  The town has a growing population and contains a full range of shopping and leisure amenities.  The town has good transport links with rail connections to London and Gatwick Airport.  The property itself is within a 5-minute walk of the train station, shopping centre and a 10-minute walk of the seafront.

The property is a former hotel occupying two interconnected properties and spread over five storeys plus a large basement.  There are 28 bedrooms, a one-bedroom flat and a studio apartment.  In addition, there are two kitchens and a large living room / dining room.  

  • Substantial freehold investment
  • Prime location
  • Redevelopment potential – planning application submitted to extend and convert into 14 two-bedroom apartments
  • Spacious and versatile layout – five storeys plus basement
  • Strong demand area – popular coastal town with excellent transport links