>
4 bedroom block of apartments for sale
Southwater Road, St. Leonards-On-Sea, East Sussex, TN37
£410,000
Southwater Road, St. Leonards-On-Sea, East Sussex, TN37
£410,000
Our Summary
- Exceptional Investment Opportunity - Block of 4 Apartments with Strong Yields National Residential are pleased to present this impressive freehold end-terrace block of 4x 1-bedroom apartments in a highly desirable St
- Offering excellent rental income and strong investment potential, this property presents a lucrative opportunity for investors seeking solid returns
- 4% * Potential to Increase Rents: Scope to review rental levels and enhance returns * All Flats Rated Council Tax Band A: Reducing outgoings for tenants, improving demand * No Ground Rent or Service Charges: Ensuring minimal ongoing costs Property Layout & Features: * 4x Self-Contained 1-Bedroom Apartments * Each Flat Comprises an Open Plan Living/Kitchen Room, Bathroom, and Bedroom * End-Terrace Freehold Property * Freehold Property Prime Location & Tenant Demand: * Walking Distance to Seafront - Ideal for tenants seeking coastal living * Close to Independent Shops & Restaurants on Kings Road and Norman Road * Warrior Square Railway Station within walking distance - direct connections to London * Excellent access to St
- With minimal overheads, no additional charges, and strong tenant demand in this sought-after seaside location, this fully-let investment offers immediate income with potential to improve returns further
- Contact our specialist sales team today to secure this exceptional investment opportunity
- Excellent Investment Opportunity
Description
National Residential presents a lucrative investment opportunity in St. Leonards, a highly desirable location. This freehold end-terrace block of four 1-bedroom apartments offers excellent rental income and strong potential returns. The property generates a current gross rental income of £34,440 per annum, with a gross yield of 7.4%. The apartments are self-contained, with open-plan living/kitchen rooms, bathrooms, and bedrooms, and are situated in a prime location close to the seafront, independent shops, and restaurants. With no ground rent or service charges, the property offers minimal ongoing costs. The current tenants are in place, providing immediate income, and there is scope to review rental levels and enhance returns. This investment opportunity is ideal for professionals and commuters, with excellent access to St. Leonards town centre and Warrior Square railway station. Viewings are highly recommended, and the property is only available for purchasers who are not in a chain.