Oakfield Estate Agents have been instructed to market this spacious and modern first floor apartment ideally situated in the sought after Sovereign Harbour of Eastbourne.
This property is suitable for investment buyers only as the property is currently tenanted and we have been advised that the tenant has been there approximately 10 years and is keen to stay in the property if possible.
The current rent is £625 pcm and we have been advised that the average rent in this location for similar property is £850 pcm. With a purchase price of £155,000 and potential rent of £850 pcm, this works out at a yield of 6.58%. As you enter the communal ground floor entrance hall, there are stairs leading to the first floor communal landing.
Entering the property, you approach the entrance hall with the first door on the right leading to a spacious living room/dining room. Back from the entrance hall is a modern fitted kitchen complete with a range of wall mounted and matching base units with work surface over. There is a built in oven and hob, space and plumbing for washing machine and space for freestanding fridge freezer.
Back from the entrance hall is two bedrooms and an internal bathroom fitted with a three piece suite comprising of a panelled enclosed bath, pedestal wash hand basin and wc. To the front of the block is an allocated parking space. Convenient location for access to the Sovereign Centre, Crumbles and other local amenities. Viewing highly recommended.
Lease information: The current seller advises that the apartment is offered as Leasehold and has 74 years remaining on the lease. The maintenance charge is approx. £1,000 per annum and the ground rent is £85 per annum. There is also a Annual Estate Rentcharge of £263.55 per annum. The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain these from their solicitor or surveyor.