11 bedroom block of apartments for sale

A wonderful investment opportunity to purchase a Substantial Detached Victorian Property which has been converted into 5 Mansion Flats, with 4 Currently Let on assured short-hold tenancy agreements. No Onward Chain. Viewing essential.

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £1,450,000 Freehold.

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid / offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

LOCATION:

The property enjoys a highly desirable location within the favoured Lower Meads area of Eastbourne, being to the West of the town centre. Local shopping facilities, the theatre district, Devonshire Park Tennis Centre, Towner Art Gallery, the seafront promenade with famous Victorian pier, the mainline railway station (London, Victoria approx. 80 minutes) and the extensive town centre shopping facilities are all within approximately a ¼ of a mile.

ACCOMMODATION IN BRIEF:

Flat 1 on the ground floor:

2 bedrooms and 2 reception rooms. Private front and rear gardens.

124 square meters.

EPC = D

Currently let @ £1,300 per month with scope to increase to the region of £1,400-£1,500 per month.

Large Reception Hall which is split level.

Lounge / Dining room which is a big room with lovely features including beams and panelling.

Dining Room / Study.

Kitchen / Diner.

Bedroom 1 is a big double with character features and a fireplace.

Bedroom 2 is also a double.

Shower room / WC with stylish modern white suite.

Veranda at the rear which overlooks the private rear garden.

Private front garden.

Flat 2 on the ground floor:

3 bedrooms and 1 reception room. Private front and rear gardens.

118 square meters.

EPC = E

Currently Vacant.

In need of some modernisation with scope to let in the region of £1,400-£1,500 per month.

Large entrance hall.

Cloakroom / WC.

Lounge / Dining room is a huge room with ornate coving and a marble fireplace.

Kitchen / Breakfast Room with bay to the rear. Good size. Could have doors and steps out to the rear garden.

Bedroom 1. Good double with a feature arch.

Bedroom 2. Good double with a feature arch.

Bedroom 3 / Study. Good single. Has a door out to the side which leads round to the rear garden.

Bath / Shower Room / WC. A large room.

Private rear garden.

Private front garden.

Flat 3 on the ground floor, 1st floor and 2nd floor:

2 bedrooms and 1 reception room.

Split level accommodation over 3 different floors.

92 square meters.

EPC = D

Currently let @ £925 per month with scope to increase to the region of £1,250 per month.

Entrance Hall.

Kitchen / Diner.

Further Hall / Study area.

Sitting Room with fireplace.

Large loft.

Bedroom 1. A good double.

Half Landing. With built-in storage cupboards.

Top Floor Landing. With skylight.

Bedroom 2. A good double. Nice views including out to sea.

Flat 4 on the 1st floor:

2 bedrooms and 1 reception room.

98 square meters.

EPC = D

Currently let @ £1,250 per month.

Large Entrance Hall.

Kitchen / Breakfast Room.

Lounge / Dining Room. A lovely big room with bay window and marble fireplace.

Bedroom 1. A lovely big room with fireplace. Walk-in wardrobe.

Bedroom 2. A big room. Built-in wardrobe and storage.

Bathroom / WC.

Flat 5 on the 2nd floor (top floor):

2 bedrooms and 1 reception room.

104 square meters.

EPC = D

Currently let @ £1,300 per month.

Reception Hall.

Lounge / Dining Room. A big double aspect room.

Kitchen / Diner. A big double aspect room.

Bedroom 1. A big room with fireplace and nice views.

Bedroom 2. A good double.

Inner Hall.

Bathroom / WC. A spacious room.

* IMMEDIATE EXCHANGE OF CONTRACTS AVAILABLE *

* SOLD VIA SECURE SALE *

Please Note: Appliances, heating and hot water systems have not been tested.

All measurements are approximate.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.