7 Bedrooms Terraced house for sale in Ceylon Place, Eastbourne BN21 | £ 250,000
Overview
| Price: | £ 250,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Terraced house |
| County: | East Sussex |
| Town: | Eastbourne |
| Postcode: | BN21 |
| Address: | Ceylon Place, Eastbourne BN21 |
| Bathrooms: | 0 |
| Bedrooms: | 7 |
Property Description
Summary
auction sale 20 June 2019 - To be sold by Public Auction on 20th June at the Macdonald Botley Park Hotel, Winchester Road, Boorley Green, Southampton, commencing at 1:00pm. Substantial property offering 6-7 bedrooms, previously let on hmo basis. Requiring upgrading - superbly priced!
Description
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Tenure:
Freehold with Vacant Possession
Location:
Ceylon Place is an established residential and investment location in central Eastbourne with a mix of large family homes and hmo investment properties in the immediate area.The property allows easy access to both the town centre and the sea front areas of the town.
Description:
The property has for many years been used as an investment property with rooms let on an individual basis. The property is now being offered with vacant possession after many years of use in the style of an hmo with the potential for an income approaching £50,000 pa to be collected. The property will
require upgrading and improvement and also a new hmo licence to be applied for once various improvement works are completed, should a purchaser want the property for investment purposes.
Accommodation:
Ground floor: Raised Entrance Vestibule, Entrance Hallway with Stairs leading to Lower Ground and Upper Floors.
Lower ground floor: Kitchen, Utility Room, Shower Room, Bedroom/Reception Room.
Hall floor: Bedroom/Room, Bedroom/Room, Bedroom/Room.
First floor: Utility Room, Shower Room, Bedroom/Room, Bedroom/Room, Bedroom/Room.
Outside: Patio garden area to the rear with rising lawn and decked area.
Agents Note:
We understand the property was let until very recently and is now offered with vacant possession. The home has a long use as an hmo investment but we are led to believe that the last hmo Licence expired a few years ago and a new application would be necessary to continue use in this manner. All buyers are
advised to have made all suitable enquiries over the current status and potential use of the property prior to bidding.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Property Location
Property Marketed by Fox & Sons - Auction Southampton
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