63-65 Cooden Sea Road, Bexhill-on-Sea, TN39 4SL
Freehold Ground Rent Investment Producing £1,245 PA Rising Every 10 Years To RPI Including Rooftop Development With Planning Permission
about this property
A planning application was made on the 28th February 2022 for the proposed construction of an upward extension, utilising the airspace above an existing residential and commercial premises - in order to provide a single dwelling (Class C3). Planning permission was granted 9th December 2022
Planning No. APP/U1430/W/22/3300762 FULL PLANNING DRAWINGS IN LEGAL PACK
PLEASE NOTE the pictures shown on this catalogue page are CGI images of the building and show the proposed roof top development
Situation
The property is situated in Little Common Village to the south of the A259. Local shops and amenities are nearby including a Tesco Express and doctors surgery. Collington mainline railway station is just over a mile away (Eastbourne 21 minutes)
Lease Terms
All 5 leases have a term of 125 year lease from and including 29th September 2019 at initial ground rent of £249 pa
Ground Rent Review
All flat leases have their ground rent reviewed every 10 years based on increase in Retail Price Index (RPI)
Notices
Section 5B Notices Landlord & Tenant Act 1987 ( as amended ) have been served.