| Area : East Sussex
HMO for the homeless with £450,000 p/a net £4,500,000
F/H |
Fully managed substantial former hotel in this premier South Coast town currently let as an HMO to homeless people via the local authority. Currently producing a monthly income of around £62,500 with a net of around £450,000 per annum, this is a highly profitable concern. Planning Permission has also been obtained for the demolition of the existing building and the construction of 65 x 1,2 & 3 Bed apartments with a total gross internal floor area of 4,714 sq mtrs and 61 underground parking spaces with a gross internal floor area of 1,679 sq mtrs. Interested parties should contact Paul Salmon at Bishops on 01428 606500 in the first instance. |
