11 bed detached house for sale

Meads Road, Eastbourne BN20

Summary
***freehold investment opportunity***
An exceptional opportunity to acquire a substantial detached residence in the desirable Meads area of Eastbourne, comprising five self-contained mansion flats, all currently let on AST's, producing a significant and immediate rental income of £77,000 per annum.

Description
Fox & Sons present to market this exceptional opportunity to acquire a substantial detached freehold residence in the highly desirable Meads area of Eastbourne, comprising five self-contained mansion flats, all currently let on Assured Shorthold Tenancies, producing a significant and immediate rental income of £77,000 per annum.

The accommodation comprises two ground floor mansion flats with private front and rear gardens, one first floor mansion flat, one second floor (top floor) mansion flat, and one duplex mansion flat arranged over three floors. The property provides a diverse mix of spacious apartments with strong tenant appeal, making it an ideal addition to an investment portfolio.

Situated within one of Eastbourne's most prestigious residential locations, Meads is renowned for its tree-lined roads, elegant period architecture, close proximity to the seafront, South Downs National Park and excellent local amenities. Rarely do fully occupied freehold blocks of this nature become available, offering investors an attractive income-producing asset with long-term growth potential.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Flat 1 - Ground Floor
Private front and rear garden with two bedrooms and two reception rooms.

Split Level Entrance Hall

Lounge

Dining Room / Study

Kitchen

Bedroom 1

Bedroom 2

Shower Room

Private Rear Garden

Private Front Garden

Flat 2 - Ground Floor
Private front ad rear garden with three bedrooms.

Entrance Hall

Open Plan Lounge / Dining Room

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

Bathroom

Cloakroom

Private Rear Garden

Private Front Garden

Flat 3 - Ground Floor
Split level over 3 floors

Entrance Hall

Open Plan Kitchen/ Dining Room

Study Area

Lounge

Half Landing

Bedroom 1

Bedroom 2

Top Floor Landing

Loft

Bathroom

Flat 4 - First Floor

Entrance Hall

Kitchen / Breakfast Room

Open Plan Lounge / Dining Room

Bedroom 1

Bedroom 2

Bathroom

Flat 5 - Top Floor

Entrance Hall

Open Plan Lounge / Dining Room

Kitchen

Bedroom 1

Bedroom 2

Inner Hall

Bathroom

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.