1 bedroom property
Key information
Features and description
- Proven Airbnb Track Record
- Six Self-Contained Apartments – Ideal for SA or HMO
- Potential to Increase Yield Further
- Stylish & Well-Maintained Interiors
- Outdoor Space
- Moments from the Beach & Promenade
- Surrounded by Local Amenities & Attractions
We are pleased to offer to auction this Prime Investment Opportunity – High-Yielding Serviced Accommodation or HMO Potential!
A rare opportunity to acquire a fully operational, high-performing serviced accommodation block generating an impressive £10,000 per month in gross income. Offering six self-contained apartments – three one-bedroom units and three studio apartments, this versatile property is ideal for Holiday Let, Airbnb, long-term lets or HMO conversion.
Whether you’re looking to expand your serviced accommodation portfolio or unlock the potential of an HMO conversion, this turnkey investment in a prime coastal location is not to be missed.
Contact us today to arrange a viewing and secure this unbeatable investment!
Please note we have not inspected this property.
Rooms
Location
Situated just moments from the bustling promenade and stunning bay views, this sought-after location attracts high occupancy from holidaymakers, professionals, and tenants alike. The property is within walking distance of top attractions, restaurants, and entertainment, ensuring strong demand year-round.
Accommodation
Flat 1: Lounge/kitchen, double bedroom, bathroom
Flat 2: Bedroom/lounge, kitchen, bathroom
Flat 3: Open-plan lounge/kitchen/bedroom, bathroom
Flat 4: Lounge/kitchen, double bedroom, bathroom
Flat 5: Open-plan lounge/kitchen/bedroom, bathroom
Flat 6: Lounge/kitchen, bedroom, bathroom
Tenure
Freehold. Title number LA928457.
Council Tax
All flats band A.
EPC
Available upon request.
Flat 1: Rating D
Flat 2: Rating E
Flat 3: Rating C
Flat 4: Rating D
Flat 5: Rating D
Flat 6: Rating C
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 7.2% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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