£190,000
(£191.92/sq. ft)
Block of flats for saleFernside Avenue, St. Leonards-On-Sea TN38
990 sq. ft
EPC Rating: C
About this property
Investment Consideration:
Gross Initial Yield: 6.00%
Rental Income: £11,400 p.a.
VAT is not applicable to this property
Comprises 3-bedroom residential flat at first/second floor with single car garage at rear
Includes ground floor takeaway shop, that has been sold-off on long leasehold
Situated in predominantly residential area within 1.2 miles from St. Leonards-on-Sea town centre, with occupiers nearby including Tesco Express, Hair and Beauty salon and more.
Property Description:
The property comprises 3-bedroom maisonette at first and second floor and takeaway shop at ground floor (sold-off), providing the following accommodation and dimensions:
Ground Floor: Takeaway (sold-off)
First/Second Floor: 92 sq m (990 sq ft)
3 bedrooms, kitchen, living room, bathroom
Tenancy:
The residential flat is at present let on AST to an Individual for a term of 12 Months from April 2025 at a current rent of £11,400 per annum.
The takeaway has been sold-off on long leasehold for a term of 999 years from May 2025 at ground rent of peppercorn.
Location:
St Leonards-on-Sea is a town and seaside resort in the Borough of Hastings in East Sussex. The property is situated in a parade of commercial units in a predominantly residential area of St Leonards, with occupiers nearby including Tesco Express, Hair and Beauty salon and more.
Gross Initial Yield: 6.00%
Rental Income: £11,400 p.a.
VAT is not applicable to this property
Comprises 3-bedroom residential flat at first/second floor with single car garage at rear
Includes ground floor takeaway shop, that has been sold-off on long leasehold
Situated in predominantly residential area within 1.2 miles from St. Leonards-on-Sea town centre, with occupiers nearby including Tesco Express, Hair and Beauty salon and more.
Property Description:
The property comprises 3-bedroom maisonette at first and second floor and takeaway shop at ground floor (sold-off), providing the following accommodation and dimensions:
Ground Floor: Takeaway (sold-off)
First/Second Floor: 92 sq m (990 sq ft)
3 bedrooms, kitchen, living room, bathroom
Tenancy:
The residential flat is at present let on AST to an Individual for a term of 12 Months from April 2025 at a current rent of £11,400 per annum.
The takeaway has been sold-off on long leasehold for a term of 999 years from May 2025 at ground rent of peppercorn.
Location:
St Leonards-on-Sea is a town and seaside resort in the Borough of Hastings in East Sussex. The property is situated in a parade of commercial units in a predominantly residential area of St Leonards, with occupiers nearby including Tesco Express, Hair and Beauty salon and more.
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