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Residential Investment with Planning Permission, 1 & 2 Avenue Mews, Avenue Lane, Eastbourne, BN21 3UL

2,497 Sq Ft / Other / Residential

For Sale - £425,000.00

Available - Last updated: 28 November 2022

 Residential Investment + Planning Permission, Central Location - FOR SALE - OIRO £525,000

Location

Location:
The properties are situated in the centre of Eastbourne, just a short walk from Hartfield park and The Beacon Shopping Centre. Also close by is the recently renovated Eastbourne Station where there is regular bus and train services with direct links to London Victoria and Brighton. Eastbourne is a busy seaside location with a population in excess of 100,000. The main roads into the town are the A22, A27 and A259 coast road.

Accommodation

Accommodation:
A residential investment / development opportunity comprising two adjoining properties in a mews style development. Both properties benefit from an integral garage, one is currently Let on a licence agreement at £80 pcm that can be terminated by either party with a month’s notice, the other is vacant. There is also another large garage and vacant accommodation above with planning permission for conversion into a 1 bedroom dwelling. The forecourt area to the front of the property is also included in the sale.

Terms

Planning:
There is currently planning permission to convert a large garage and vacant accommodation over into a 1 Bedroom dwelling. The associated documents can be viewed on the Eastbourne Borough Council planning portal (reference – 190953). Interested parties are advised to make their own investigations into future potential values.
 
 
Terms:
Offers are invited in the region of £525,000 (five hundred and twenty five thousand pounds) for the freehold interest.
 
Legal costs:
Each party is responsible for their own legal fees.
 
VAT:
VAT will not be chargeable on the terms quoted.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £425,000.00 NA

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Contact agents

Alex Denning

Graves Son & Pilcher LLP

01273 068302

James Haywood

Graves Son & Pilcher LLP

01273 068330



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