A unique opportunity to purchase this prestigious detached residential freehold property. The accommodation is configured over 4 main floors, including lower ground, ground, first and second floors, arranged as 4 self-contained flats. Please note, the lower ground floor flat is sold off on a 90 year long lease. The ground, first and second floor flats are deceptively large and will be sold with vacant possession. The property also benefits from a good sized shared communal rear garden between flats 1, 2 and 3.
Location
The property is located in Spencer Road, close to the Memorial Roundabout and within Eastbourne’s immediate town centre. Numerous amenities are close by including The Beacon shopping centre, various cafes and restaurants and the famous Devonshire Park, home to the Lexus Eastbourne Open tennis tournament. The mainline railway station, with direct links to London and Brighton, is within walking distance, as is the seafront.
Accommodation
The property has the following approximate Gross internal floor areas:
Lower Ground
Ground - 116.72sqm / 1256.36sq ft
First - 107.32sm / 1155.18sq ft
Second - 96.49sqm / 1038.61sq ft
Total - 320.53sqm / 3450.15sq ft
Terms
EPC’s
Lower Ground - D
Flat 1 -D
Flat 2 -D
Flat 3 -C
COUNCIL TAX BAND
Lower Ground - B
Flat 1 -D
Flat 2 - C
Flat 3 - C
Tenancies
Lower Ground - Sold off on a long lease for a term of 90 years from November 1977. Current ground rent is £50pa, increasing on each 30th anniversary of the term up to £100pa.
Flat 1 - N/A & To be sold with vacant possession
Flat 2 - N/A & To be sold with vacant possession
Flat 3 - N/A & To be sold with vacant possession
VAT & Legal Fees
We understand the property is not elected for VAT. Each party to bear their own legal costs incurred.