St. Aubyns Road, Eastbourne

An opportunity arises to purchase A LICENCED HMO situated just yards from from Eastbourne's seafront. Generating a gross income of £2,800 per calendar month, the property has six bedrooms, although the income is generated by 5 rooms, as per the licence agreement. In addition to the bedrooms are a living room, kitchen, bathroom ground floor W/C and a small courtyard garden to rear. The property would benefit from modernisation however, there are tenants currently in residence. This is considered to be an excellent investment opportunity.

The accommodation

Comprises:

Front door opening to:

Entrance Hall

Ground Floor Wc

Low level wc, wash hand basin.

Living Room 3.94m x 3.15m (12'11 x 10'4)

Having electric fire, radiator, window to rear.

Kitchen 2.82m x 2.62m (9'3 x 8'7)

Having a selectin of eye and base level units with work surface, appliances including cooker, fridge and freezer, wall mounted boiler, cleaning cupboard, window and door to side.

Rroom 1 3.63m x 4.04m (11'11 x 13'03)

Stairs rising from entrance hall to:

First Floor landing

Room 2 2.79m x 2.62m (9'2 x 8'7)

Room 3 3.91m x 3.15m (12'10 x 10'4)

Room 4 5.08m 3.63m (16'08 11'11)

Room 5 4.09m x 3.23m (13'5 x 10'7)

Room 6 5.16m x 3.56m (16'11 x 11'8)

Bathroom 2.97m x 2.74m (9'9 x 9')

Having roll top bath, shower cubicle, radiator, low level wc, wash hand basin, window to side and rear.

Outside

Rear Courtyard Garden

Being predominantly astro turfed with storage shed and gate to rear.

N.B

The vendor advises us of the following:
The HMO licence was granted 2018 for five years.
The current rental generated per calendar month is as follows:
Room 1 = £600
Room 3 = £500
Room 4 = £600
Room 5 = £500
Room 6 = £600
Total £2,800
Room 2 - is classed as a storage room.

All tenants are on a month by month rolling contract. The vendor advises us that the approximate monthly outgoings are as follows:

Gas and electricity = £230
Water = £58
Cleaner = £30
Insurance (building and contents) = £36

N.N.B

A video tour is available upon request.

COUNCIL TAX BAND:

Council Tax Band - 'D' Eastbourne Borough Council - Currently £2,199.47 until March 2023.

FOR CLARIFICATION:

We wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. We have not carried out a detailed survey nor tested the services, appliances & specific fittings. Room sizes cannot be relied upon for carpets and furnishings.

VIEWING ARRANGEMENTS:

All appointments are to be made through TAYLOR ENGLEY.

• ENTRANCE HALL
• LIVING ROOM
• KITCHEN
• GROUND FLOOR WC
• SIX BEDROOMS (FIVE OF WHICH CAN BE LET)
• BATHROOM
• COURTYARD GARDEN
• CHAIN FREE