The property comprises a substantial corner property occupying a great location, close to the town centre and seafront.
The property comprises 12 residential flats which are let on Assured Shorthold Tenancy Agreement at £415 per calendar month, giving a gross potential income of £59,760 per annum.
The building was extensively repaired in recent years following a fire and now offers purchasers an excellent residential investment opportunity to continue running in its current arrangement. Alternatively as the property already enjoys planning for residential flats it may be possible to divide and sell the flats separately. Whilst this would require some additional works to make those flats that are not already self-contained independent, it would add another option to those looking to capitalise on a property in this popular seaside town.