The single building sits in the middle of a sizeable plot and is currently divided internally into 3 main sections.
One end section is a self-contained 5 bed, 2 storey house with garden currently lived in by the owner’s family. The other end section is a self-contained 3 bedroom single storey house with garden, currently lived in by the owner.
The middle section is run as a ‘move to independence’ flat rental business which consisits of a 2 bedroom flat, a one bedroom flat and a self contained studio flat, all currently let on monthly tenancies to the local authority and run as a supported housing business helping higher need individuals to live and support themselves. There are 4 tenants in total. All are on monthly tenancies that will finish with any future sale and the business will be wound down at this point as the current owner is retiring. The rent received currently for the 4 tenants in this supported accommodation is approx £2,866.00 per month. The current income for support provision alongside this rent is approx £5763.00 per month, giving an annual combined income for the 3 supported housing flats only of approx £103,552.00 pa.
Location
Just a stone’s throw from Polgate Services which offers amenities including a local size supermarket & petrol station, hotel, pub and fast food restaurants and a short walk to bus routes & Polegate train station (0.8 miles) and directly adjacent to the A22 bypass, this plot really does offer easy access for all.
With the glorious South Downs on the doorstep and the white cliffs of Beachy Head and the town of Eastbourne and it’s shopping and beach just 8 miles distant, there’s plenty on the doorstep for every need.
Accommodation
Size - 5,586 sq ft (520 sq m)
Terms
Tenancies - There are currently 3 x AST tenancies regarding 4 tenants, all of which are on a month’s notice and will terminate with the sale.
The passing rent is currently £103,552 per annum.
Proposal - Unconditional offers of £1,350,000 or over sought
VAT - Not elected for VAT