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53 Silverdale Rd 9 Unit Apartment Building £800,000 (£88,889/Unit) 5.33% Net Initial Yield Eastbourne BN20 7AY
INVESTMENT HIGHLIGHTS
- Short walk Town Centre & Seafront.
- Potential to split.
- Substantial Plot.
- Potential for rental increase.
EXECUTIVE SUMMARY
The property comprises a substantial Detached Freehold building of 9 flats three of which have been sold on long leases from 1988 (2 have extended their leases). The remaining flats comprise 2 X 2 Bedrooms & 4 X 1 Bedrooms and are in the majority rented (1 vacant with potential to split) producing a current income of £41,460 pax.
The building has generally been well maintained and the flats are generally in reasonable -excellent condition and been in the same family ownership 7in excess of 50 years.
The building has generally been well maintained and the flats are generally in reasonable -excellent condition and been in the same family ownership 7in excess of 50 years.
PROPERTY FACTS Sale Pending
| Price | £800,000 | Property Subtype | Apartment |
| Price Per Unit | £88,889 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Costar Property Class | B |
| Yield | 5.33% | Total Plot Size | 0.17 ac |
| Tenure | Freehold | Property Size | 6,000 sq ft |
| No. Units | 9 | No. Floors | 4 |
| Property Type | Build-to-Rent | Year Built | 1910 |
| Price | £800,000 |
| Price Per Unit | £88,889 |
| Sale Type | Investment |
| Yield | 5.33% |
| Tenure | Freehold |
| No. Units | 9 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.17 ac |
| Property Size | 6,000 sq ft |
| No. Floors | 4 |
| Year Built | 1910 |
AMENITIES
UNIT AMENITIES
- Bay Window
- Yard
SITE AMENITIES
- 24 Hour Access
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53 Silverdale Rd
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