Property description

Development Opportunity for 6 flats.
Oakfield are pleased to be able to offer this development/investment opportunity to purchase the upper floors of 62 Devonshire Road, consisting of first, second and third floors, with the benefit of planning consent for 6 flats (2 x 2 beds and 4 x 1 beds) some with sea views.

The present owners are forming a front entrance off Devonshire Road, so all 6 flats will have the benefit of access from the street (presently via a rear outside staircase).

At present the 3 upper floors form 3 self-contained 3-bedroom apartments in the center of Bexhill on Sea Town Centre. All flats are currently let on AST’s bringing in an annual income of £19,800, but there is ample potential to increase this when refurbished and the front staircase is constructed and the building converted into six flats.

The upper parts will be offered with a new 999 year lease.

Documents can be seen on www.rother.gov.uk Planning and Building Control page, Application number RR/2013/2529/P