Lot TBC - Upperton Farmhouse 2 Enys Road, Eastbourne, East Sussex, East Sussex, BN21 2DE
- Unconditional Online Auction Sale
- Guide Price* : £990,000
- Bedrooms: 10
- Bathrooms: 6
FREEHOLD TENANTED APARTMENT BLOCK GENERATING IN Excess £90,000 per annum To be sold via online auction - powered by The Auction Group
Description
This substantial detached period property presents a rare and attractive investment opportunity in the heart of Eastbourne, offering a true turn key proposition for discerning investors.
Situated on Enys Road and occupying a site of approximately 0.18 acres, the building is configured into six separately accessed apartments each currently let as residential units (Four two bed and Two one bed). The property is arranged over three storeys, with the upper floor formed as a distinctive mansard roof, and is notable for its elegant Georgian architectural style. Constructed primarily from brick, the building also features areas of coursed and random flint, complemented by smaller sections of stucco render, all contributing to its character and historic charm.
Originally erected in the 18th Century as a farm, the building has evolved over time to provide modern accommodation while retaining its period features and original integrity. Since 1949, it has enjoyed Grade II listed status as a building of special interest, as recognised by English Heritage (NHLE Code 1190370) under the Planning (Listed Buildings and Conservation Areas) Act, ensuring the preservation of its unique architectural and historical significance.
Each apartment benefits from its own separate access, providing privacy and convenience for residents, while the overall arrangement of the building allows for efficient management and excellent rental potential. Onsite parking further enhances the appeal for tenants, adding to the property's desirability and supporting strong occupancy rates. The building's layout and condition allow investors to acquire a fully operational asset with immediate income generation and minimal initial outlay, making it an ideal addition to any investment portfolio. The location on Enys Road places the property within easy reach of Eastbourne’s amenities, transport links and attractions, enhancing its long-term rental prospects. This is a rare chance to secure a historic and architecturally significant building that has been thoughtfully adapted for contemporary use, offering both stability and growth potential in a sought-after area. With its combination of period character, practical configuration and proven rental track record, this block of apartments represents a compelling proposition for investors seeking a blend of heritage, convenience and income in one of Eastbourne’s most established settings. Early viewing is highly recommended to appreciate the full scope and potential of this exceptional investment opportunity.
To be sold via Online Auction, via unconditional terms, completion strictly within 28 days
Bidding window opens - TBC
Auction Ends- TBC
Starting price - £ (Reserve price is higher & unpublished)
Fees
All fees are payable by banks transfer only (we do not take card payments )
Buyers premium - Please note that there is a buyers premium that applies to this lot ( £ including VAT ) payable by the buyer within 2 hours of winning the auction. The buyers premium does not constitute part of the sale price, this is the auctioneers fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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