Freehold residential led investment comprising 46 residential apartments and one retail unit (A1 Use Class)
A conversion of a former hotel, with part new build
Residential net sales area (NSA) of 1,695 sqm (18,250 sq ft) *
*Measurements have been provided by the vendor and are not verified by the agents
Apartments let on assured shorthold tenancies with a rent passing of £300,960 per annum and an estimated market rental value of £318,250 per annum
Retail unit with a passing rent of £12,500 per annum and is subject to a lease expiring in July 2021
A total estimated market rental value of £316,250
Minimal void periods since completion
Situated in a prominent corner position on Cavendish Place, approximately 0.5 miles to the south east of Eastbourne railway station and 750 ft to the north of the seafront and Eastbourne Pier