Property photos
Auction
Freehold
£450,000
Property for sale
Silchester Road, St. Leonards-On-Sea TN38EPC rating: D
Key Information
Local area information
Property location
Nearby amenities
- St Leonards Warrior Square 0.2 miles
- St Mary Star of the Sea Catholic Primary School 0.4 miles
- Christ Church CofE Primary and Nursery Academy 0.4 miles
- West St Leonards 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hastings to find out more about the local area.
Features and description
- Freehold
- Sold prior to auction
- Residential Freehold Investment
- 8 Self Contained Studio Flats
- All Let and Producing an Annual Net Rent of 47,700
- High Yielding at 10.6%
- Tenants Are Responsible For Paying Their Own Bills in Full
Sold prior to auction
Auction Guide £450,000+
High yielding freehold residential investment allowing for a highly sought after return of 10.6% comprising of 8 self contained studio flats all let on AST's as follows.
Flat 1....50 sq m let at £6,000 per annum EPC D
Flat 2....36 sq m let at £5,940 per annum EPC E
Flat 3....33 sq m let at £6,000 per annum EPC D
Flat 4....44 sq m let at £5,940 per annum EPC E
Flat 5....50 sq m let at £6,000 per annum EPC D
Flat 6....38 sq m let at £5,940 per annum EPC D
Flat 7....31 sq m let at £5,940 per annum EPC D
Flat 8....44 sq m let at £5,940 per annum EPC D
Measurements as taken from the EPC Register
Total rent net per annum exclusive of all bills is currently £47,700. We are advised the tenants are responsible for paying their own bills in respect of electricity and water directly to the providers.
The property offers a significant yearly income at an exceptional return whilst at the same time includes meaningful break up value.
Located in the heart of St Leonards on Sea close to mainline railway station, the seafront as well as local shops, pubs, restaurants and coffee shops.
*Fees apply please refer to auction team*
Auction Guide £450,000+
High yielding freehold residential investment allowing for a highly sought after return of 10.6% comprising of 8 self contained studio flats all let on AST's as follows.
Flat 1....50 sq m let at £6,000 per annum EPC D
Flat 2....36 sq m let at £5,940 per annum EPC E
Flat 3....33 sq m let at £6,000 per annum EPC D
Flat 4....44 sq m let at £5,940 per annum EPC E
Flat 5....50 sq m let at £6,000 per annum EPC D
Flat 6....38 sq m let at £5,940 per annum EPC D
Flat 7....31 sq m let at £5,940 per annum EPC D
Flat 8....44 sq m let at £5,940 per annum EPC D
Measurements as taken from the EPC Register
Total rent net per annum exclusive of all bills is currently £47,700. We are advised the tenants are responsible for paying their own bills in respect of electricity and water directly to the providers.
The property offers a significant yearly income at an exceptional return whilst at the same time includes meaningful break up value.
Located in the heart of St Leonards on Sea close to mainline railway station, the seafront as well as local shops, pubs, restaurants and coffee shops.
*Fees apply please refer to auction team*
Floor plans and tours
Floor plans
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More information
Listed by
PS&B - Residential Sales
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