DESCRIPTION

A collection of twenty six luxury apartments & an office offering a turn key investment  in the seaside resort of Eastbourne.

This unique development, to be completed shortly,  raises the bar for residential accommodation in Eastbourne and gives convenient access to Brighton, London and Gatwick Airport. Every apartment benefits from a high specification including:

• Tall Double glazed windows allowing maximum natural light
• Engineered oiled oak flooring throughout
• Porcelain tiled bathrooms with Crosswater MPRO
• brushed brass tapware & thermostatic showers,
• Italian quartz-top vanities
• Open plan living with contemporary Italian kitchens,
• integrated bins, quartz worktops,
• fully integrated Bosch appliances: dishwasher, induction hob, extractor, oven &
  separate microwave oven, fridge/freezer
• Landscaped courtyard garden
• Bicycle storage x 20
• Private Mail-boxes
• Gated
• Communal entry system in each of the 4 groups of apartments
• Porcelain floor tiles with oiled Oak stairs & black metal balustrades to common areas

 

Tenure of the whole building is freehold.

26 apartments on 999 year leases

There is an onsite office with WC, meeting room and store available to the purchaser

Overall Portfolio Total Gross Rent estimated to be
£397,000 – £439,000 per annum*

*Assuming half the apartments are on ASTs and half are on a
fully managed Airbnb contract at either 60% occupancy or
70% occupancy.

Eastbourne has the second highest housing demand in the whole of England across all types of housing (as per the National Housing Delivery Test published each January). Giving rise to high demand from rental tenants, home buyers and investors alike.

Eastbourne NHS is the selected location for foreign doctors and health professionals to re-train to be able to practice in the UK. The NHS has expressed an interest in renting the whole building on a quarterly rental with all bills inclusive. The agent arranging accommodation for the NHS have confirmed the above and they would like to sign an agreement to take over the entire development.

We also have a company that are specialists in AirBnB and ASTS  to introduce to the new owner  that have expressed interest to take over the whole development, rent the units out and manage the development as well.

Location:

Longstone Yard is conveniently situated on Ashford Road in the town centre. The property benefits from the convenience of:
An 9 Minutes walk to the Train station (0.4 mile)
An 9 Minutes walk to the Pier & Beach (0.4 mile)
A 5 minute walk to “The Beacon”, a retail complex which includes a Cineworld, cafe’s, bars & supermarkets
A 30 minute walk to Eastbourne District Hospital (1.5 miles)

Rail Travel:
Destination Time (mins)
London Victoria 88
Ashford International 69
Brighton 33
Hastings 23

 

47 miles to Gatwick airport

BN21 3UA

LOCATION

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