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Elm Park Mansions, Eastbourne

Freehold residential led investment comprising 46 unbroken residential apartments and one retail unit (A1 Use Class). High occupancy rates historically and potential to increase income as ASTs come up for renewal with 5 flats presently vacant. Residential apartments are let on assured shorthold tenancies (AST's) at a passing rent of £276,060 per annum, with an estimated market rental value of £305,760 per annum. Ground floor retail unit let to Reformed Eastbourne CIC until July 2021 at a passing rent of £12,500 per annum. The lease is contracted outside of Sections 24 to 28 of the Landlord and Tenant Act 1954. A total estimated market rental value of £318,260 per annum. The property is available freehold for £4,685,000. Further documents (including floor plans, title information, tenancy/accommodation schedule etc), are available on

Available for
Purchase, Investment
Property types
Investment
Address
Elm Park Mansions
Cavendish Place
Eastbourne
East Sussex
BN21 3EJ
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