Withdrawn prior to auction

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Prime seafront position - 1 bedroom second floor flat let on an Assured Shorthold Tenancy producing a rent of £6,900 p.a.

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Description/Location

The apartment forms part of an attractive, stucco fronted building on the promenade close to the centre of St. Leonards-On-Sea. Currently let at a rent of £575 pcm, there is good potential to significantly increase the rental yield through holiday / Airbnb lets.

Tenure

Leasehold - approximately 73 years unexpired.
Energy Rating: D

Local Authority

East Sussex County Council 0345 608 0190

Viewing

Please contact Elliott Network Auctions on 020 7871 0420

Accommodation

Second Floor Flat Living room, kitchen, bedroom, bathroom.

Rent

£6,900 p.a.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.