Summary.
A recently converted and expanded block of 16 apartments in Eastbourne town centre. The property comprises 14 two-bedroom apartments and two three-bedroom penthouses. Fourteen are currently let on ASTs, producing a current passing rent of £224,400 per annum with the potential to be in the region of £261,000 per annum once the remaining units are let.
- Modern freehold block of 16 self-contained apartments
- Attractive gross yield profile in the region of 7.5%
- Town centre location with strong tenant demand
- 12 on-site parking spaces
- Lift access and well-maintained common parts
