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Details about  1 Bed 'SEAFRONT' Flat HASTINGS (Investment Reqd)

1 Bed 'SEAFRONT' Flat HASTINGS (Investment Reqd) See original listing
1-Bed-SEAFRONT-Flat-HASTINGS-Investment-Reqd
Item Ended
Item condition:
--not specified

Disrepair Notice served 2010

Ended:
25 Jun, 2014 19:15:17 BST
Starting bid:
£125,000.00
0 bids ]
Postage:
Free collection in person | See details
Item location:
Hastings, East Sussex, United Kingdom

Description

eBay item number:
191215776443
Seller assumes all responsibility for this listing.
Last updated on  20 Jun, 2014 21:49:53 BST  View all revisions

Item specifics

Seller notes: Disrepair Notice served 2010
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For Sale

Number of Bedrooms:

1

Private / Estate agent:

Private

Construction Year:

circa 1845

Location:

St Leonards on Sea

Number of Bathrooms:

1

Property Type:

seafront flat

Firstly, this is a beautiful flat, I an not exaggerating when I say that everyone who comes in here says 'WOW'!   It has the most stunning sea views.

It is set in Warrior Square, a beautiful sea front Victorian square and the flat is on the second floor

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Here's where the investment is needed:

- The whole building leaks along the sea facing front side and has done for a number of years.

-My flat suffers from leaking bay ceilings with heavy rainfall, so the councl served a disrepair notice on it in 2010.  The leaks are just contained in the bay areas. and there are a few holes in the ceiling, see pics.

- Major works are due to the whole building, as it has been neglected.  The building is about to be surveyed and the works will be done in stages, which will probably now start next summer.

-Based on 5 year old reports there is no real structural damage, just some re-pinning of bays and the some of the bressemer beams need replacing.

- The freeholders are currently BNP Paribas, who are the actual freeholder's receivers.  BNP / The bank have committed to restoring the building and will then sell on.

I am selling as I don't have the money for the works, which are due to be phased, so this flat needs someone with deeper pockets than me. 

I am looking for a QUICK SALE
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The lease is 70 years remaining
Service charges £1,500pa
G rent £50pa
C.Tax £75pm
Rental - just had it valued £650pm
----------------------------------

There is a lift

5 mins walk to St Leonards Warrior Square train station
shops 1 minute walk, cafe's, shops
This is an up and coming area, lots of Londoners moving in.  Hastings Pier is in the process of being restored under a share scheme process, the first of it's kind.
The bedroom and living room are both huge 17' x 17' odd
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All the main rooms, living room, bedroom and kitchen are sea facing and as you can see the bedroom and living room have floor to ceiling bay windows.  I wake up every morning looking at the sea
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Please call if you'd like to talk further or view 07887 714353 or send a message.

It is a terrific investment.

Many thanks!


Questions and answers about this item

Q: Do you have a ball park figure for repairs i assume it will be split between all flats? 5-10-15-20k each? also the cost of a lease extension to 125 199yrs. Otherwise i fell it will be almost impossible to sell as is, unless... Continue reading
A: Hi, thanks for your questions. I think the overall cost for each flat will be in the region of £15k, which will be phased. We were recently presented with a £10k bill for works, but this has now been scrapped, as it was... Continue reading
21 Jun, 2014




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