10 Cornfield Terrace, Eastbourne, BN21 4NN

This substantial mid-terrace House of Multiple Occupation, dating from circa 1860, is arranged over four floors and has eight letting rooms with shared living room, kitchen, toilet and shower facilities.

There are sea views from the upper floors with a number of attractive original period features, including fireplaces, original room dividers and timber shutters, plus a gas heating system via radiators.

The eight letting rooms are currently let on Assured Periodic Tenancies at £720 per calendar month per room, producing a gross annual rental income of £69,120, exclusive of management costs and utilities.

The property offers an immediate income-producing investment with a proven operational history spanning more than fifteen years.

While the property has been successfully operated as a House in Multiple Occupation since 2009 and benefits from an established lawful eight-bedroom HMO (Sui Generis) use, confirmed by a Lawful Development Certificate, there may also be future potential for reinstatement as a single private residence or alternative residential configurations, subject to obtaining all necessary planning and statutory consents.

The house is situated in a central and convenient location in the heart of the town centre close to all shopping facilities and amenities with the mainline railway station and seafront within easy reach.

Eastbourne is located between Hastings and Brighton with excellent road links to Gatwick, Tunbridge Wells and all surrounding areas via the nearby A27 and A22.

Lower Ground Floor Hallway, two bedrooms, kitchen and shower room with W.C. Ground Floor Entrance hall, stairs to first floor, three bedrooms and W.C.

First Floor Living room, kitchen/dining room, bedroom and shower room with W.C. Second Floor Two bedrooms. Outside Small brick rear patio with parking space and vehicular access from Cornfield Lane.

Tenancy The letting rooms are let on Assured Periodic Tenancies each at a current rental of £720 per calendar month.

This produces a gross annual income of £69,120 per annum excluding management charges and utilities.

EPC Rating D Council Tax Band E Auctioneer's Note Please note that the photographs have been provided by the seller and interested applicants should rely on their own investigations to verify the information provided.

Local Planning Authority Eastbourne Borough Council.

Tel: Website: Residential EPC: D Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information *Guides are provided as an indication of each Seller's minimum expectation.

They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.

Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide.

Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price.

All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing.

This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty.

If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to