Lot 16

9 Ceylon Place, Eastbourne, East Sussex (Archive)


> Substantial Property Offering 6-7 Bedrooms
> Previously Let On HMO Basis
> Upgrading Required - Superbly Priced

Guide Price: £250,000 Plus

Description:

Location

Ceylon Place is an established residential and investment location in central Eastbourne with a mix of large family homes and HMO investment properties in the immediate area.The property allows easy access to both the town centre and the sea front areas of the town.

Description

For many years the property has been used as an investment unit, with rooms let in the style of a HMO on an individual basis. The property is now being offered with vacant possession with the potential for an income approaching £50,000 PA to be collected. The property will require upgrading and improvement along with a new HMO licence to be applied for once various improvement works are completed, should a purchaser want the property for investment purposes.

Accommodation

GROUND FLOOR: Raised Entrance Vestibule, Entrance Hallway with Stairs leading to Lower Ground and Upper Floors. LOWER GROUND FLOOR: Kitchen, Utility Room, Shower Room, Bedroom/Reception Room. HALL FLOOR: Bedroom/Room, Bedroom/Room, Bedroom/Room. FIRST FLOOR: Utility Room, Shower Room, Bedroom/Room, Bedroom/Room, Bedroom/Room. OUTSIDE: Patio garden area to the rear with rising lawn and decked area.

Agents Note

We understand the property was let until very recently and is now offered with vacant possession. The home has a long use as an HMO investment but we are led to believe that the last HMO Licence expired a few years ago and a new application would be necessary to continue use in this manner. All buyers are advised to have made all suitable enquiries over the current status and potential use of the property prior to bidding.

Tenure

Freehold

EPC Rating

E

Important Notice

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at. When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.

Viewing Dates and Times

Strictly by appointment with Fox & Sons Eastbourne.