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Marina, St Leonards On Sea, TN38

Asking Price £90,000 (Share of Freehold) - Sold subject to contract

Date available: 30/03/2019

 Property ID : 108491

BUY TO LET INVESTMENT - This one bedroom second floor flat is situated directly on St Leonards promenade, with the seafront just moments away and an array of shops, galleries, cafes and restaurants on your doorstep. It is also within close proximity to bus routes and Warrior Square mainline train station, connecting to London. The property comprises of a spacious living room, to relax at the end of the busy day, one double bedroom, a bathroom with shower over bath and a separate kitchen. The property is accessed from Undercliff at the rear of Marine Court. The building has recently undergone major works to the exterior and the price includes a share in the freehold.

Details

Additional information

We have been advised by the current vendor that the annual service charge is approximately £440 per annum which includes a contribution towards a sinking fund. The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor., A new lease of 125 years was granted on the property on 24th June 2000, leaving 106 years remaining on the lease., There is currently a tenant in occupation on a fixed Assured Shorthold tenancy until March 2019 and the rental income is £500 per calendar month, giving a rental yield of 6.6%.

Lounge

3.56m (11'8) x 4.24m (13'11)



Kitchen

2.34m (7'8) x 1.98m (6'6)

Bathroom

1.98m (6'6) x 1.65m (5'5)



Bedroom

3.43m (11'3) x 2.97m (9'9)

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