Property for Auction in London - 28 Marine Court, St. Leonards-on-Sea, East Sussex

A Second Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £9,780 Per Annum (Reflecting a Gross Initial Yield of 27.2%) The property comprises a second floor one bedroom flat situated within a purpose built block arranged over ground and ten upper floors. The property has recently been refurbished. Tenure Leasehold. The property is held on a 996 year lease from 17th September 1975 (thus approximately 946 years unexpired). Location The property is situated on a residential road close to local shops and amenities. The open spaces of St. Leonards Gardens and the beach are within easy reach. Transport links are provided by West St Leonards rail station. Accommodation Second Floor Reception Room Kitchen Bedroom Bathroom Exterior The property benefits from communal areas with a 24 hour concierge and lifts. Tenancy The property is subject to an Assured Shorthold Tenancy for a term of 6 months commencing 1st September 2025 at a rent of £815 per calendar month (Holding Over thereafter). Energy Efficiency Rating (EPC) Current Rating C Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.