INVESTMENT OPPORTUNITY - If you are looking for a fantastic opportunity to invest into freehold properties then look no further than this extremely desirable proposition.
Located in Bannings Vale, these properties are within walking distance of local bus routes as well as the coast road where there is a superb, regular bus service between Brighton and Eastbourne. Further afield you will find Longridge Avenue with its full array of shops perfect for all those daily essentials, access to the beach and some beautiful cliff top walks. Telscombe Tye is close by and also the wonderful children's park just down the road at Chailey Crescent, a great place for the kids to enjoy themselves running around to their hearts content.
The proposition for sale is a very spacious, two bedroom, ground floor apartment alongside a spacious one bedroom ground floor apartment both of which have been recently modernised and updated to a very high standard.
Furthermore the entire freehold is also being sold alongside the two properties which also encompasses a third apartment not owned by the current seller but having approximately 81 years left on the lease. this will of course have a huge future benefit of being able to charge a lease extension premium. In addition a garage to the rear is included in the asking price.
Approximate rentals for both flats and the garage are approximately £25,000 per annum with additional ground rent from the third apartment.