4 bedroom block of apartments for sale

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4 bedroom block of apartments for sale

Battle Road, St Leonards-on-sea
£365,000

Price History

Initial price £400,000
05/03/24 £365,000
Price Change -8.75%

Description

The property is a freehold investment opportunity comprising two shops and two apartments, currently producing approximately £24,000 per annum in rent. The lower ground floor consists of a self-contained one-bedroom apartment that is vacant and in need of finishing, with potential to generate an additional £35,000 per annum. The two-bedroom flat was refurbished in recent years but requires some cosmetic improvements and is currently producing £675 per calendar month, with potential to increase. The ground floor consists of two separate commercial premises, one a salon and the other a clothing shop. The basement area has been extended to create a self-contained one-bedroom garden apartment, but is in need of finishing and access is from the right-hand side of the terrace via private gates leading through the garden. The building has rendered elevations below a concrete tiled roof with double glazing and gas central heating, and was refurbished approximately 10 years ago but now requires some cosmetic improvement.