Initial price	£215,000
24/05/25	£190,000
Price Change	-11.63%

This investment opportunity offers a 3-bedroom residential flat at first and second floor, with a single car garage at the rear, and a ground floor takeaway shop that has been sold off on a long leasehold. The flat is currently let on an Assured Shorthold Tenancy (AST) for 12 months from April 2025 at a rent of £11,400 per annum. The property is situated in a predominantly residential area of St Leonards-on-Sea, within 1.2 miles of the town centre, with nearby occupiers including Tesco Express, a Hair and Beauty salon, and more. The gross initial yield is 6.00%, and VAT is not applicable to this property. The takeaway shop has been sold off on a long leasehold for a term of 999 years from May 2025 at a ground rent of peppercorn.