House For Sale Havelock Road, Hastings, TN34
£375,000
Auction Property
1 of 1
- Description
- Street View
- Maps
We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 30th April 2024
Description
FOR SALE BY AUCTION on 27th June 2024
Mixed freehold investment to be fully let and producing £37,560 per annum at a highly sought after yield of 10%.
Situation within the heart of the town center, the property is literally on the doorstep of just about everything required and comprises of:
Lower Floor
Let to a local restaurant on a 10 month license from December 2023 at a passing rent of £7,860 per annum.
Ground Floor
Let to a local optician on an FRI lease for a 2 year period from December 2023.
First Floor Flat
Newly converted and renovated 1 bedroom flat to be let on an AST at a passing rent of £9,600 per annum.
Top Floor Maisonette
Newly converted and renovated 2 bedroom maisonette to be let on an AST at a passing rent of £13,800 per annum.
*Fees apply please refer to auction team*
Mixed freehold investment to be fully let and producing £37,560 per annum at a highly sought after yield of 10%.
Situation within the heart of the town center, the property is literally on the doorstep of just about everything required and comprises of:
Lower Floor
Let to a local restaurant on a 10 month license from December 2023 at a passing rent of £7,860 per annum.
Ground Floor
Let to a local optician on an FRI lease for a 2 year period from December 2023.
First Floor Flat
Newly converted and renovated 1 bedroom flat to be let on an AST at a passing rent of £9,600 per annum.
Top Floor Maisonette
Newly converted and renovated 2 bedroom maisonette to be let on an AST at a passing rent of £13,800 per annum.
*Fees apply please refer to auction team*
Agent Details
Parsons Son & Basley
32, Queens Road, Brighton, BN1 3YE
Show Contact Number
01273 326 171
Investment Analysis
Annual Rent:
Annual Mortgage Interest:
Annual Costs:
Calculators
Mortgage Finder
Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required
Similar Properties
A few properties that are similar to this property. See more properties like this.
£120,000
Hastings, TN34
Flat
7.5
£300,000
Hastings, TN34
Terraced
7
£165,000
St. Leonards-on-Sea, TN37
Flat
6.7
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.